Stock Watch: Rumor Boosts Onsale?

Shares of online retailer Onsale (Nasdaq: ONSL) climbed nearly 36 percent on Friday, gaining 6-5/8 to 25-1/4 after rumors began to circulate about the possibility of the company being acquired by

Before getting overly excited about this possibility, investors would be wise to consider what happened to (Nasdaq: BYND) stock on June 24th. Shares of gained 7-1/4 to 32-7/8 that day after rumors began to circulate that might buy the online software superstore. Obviously, that deal hasn’t happened, and many people who bought the stock on the rumor have lost money. Shares of closed Friday at 27-13/16.

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