TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

You say Twitter, I say Tweeter

By The Associated Press
Saturday, Oct. 5, 2013, 12:01 a.m.
 

A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.

Shares of Tweeter Home Entertainment Group Inc. rose as high as 15 cents on Friday. That's up 1,400 percent from Thursday's closing price of 1 cent.

The Financial Industry Regulatory Authority, Wall Street's industry regulator, says the shares were halted on Friday afternoon because of a misunderstanding related to the “possible initial public offering of an unrelated security.”

What could have gotten investors so confused?

Tweeter trades over the counter, under the “TWTRQ” symbol. Twitter on Thursday proposed the stock symbol “TWTR.”

But Twitter's stock won't be available for trading until it goes public, possibly before Thanksgiving.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. LNG exports get federal approval from Dominion’s Cove Point terminal
  2. Western Pa. unemployment rate holds steady in August
  3. Cranberry-based Prodigo Solutions: Hospitals can reduce high supply costs
  4. With acquisition, PNC set to enter IPO market
  5. Shale gas industry’s ad campaign aims to promote fracking
  6. Consumer spending climbs as job gains boost incomes
  7. NHTSA probes sudden acceleration complaints in Toyota Corollas
  8. ‘Bond King’ Bill Gross leaves Pimco for smaller rival Janus Capital Group
  9. State cites Patriot Coal in W.Va. mine accident
  10. Another card system hack at Supervalu, Albertsons
  11. Alcoa shifts retirees to private health insurance exchanges
Subscribe today! Click here for our subscription offers.