Wall St Loves WaPo Sale
The Associated Press reports on the biggest movers on the New York Stock Exchange in Tuesday's trading. One of the top stocks was the Washington Post Company after news that it was being sold to Amazon founder Jeff Bezos:
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
The Washington Post Co., up $24.30 to $593
The newspaper company's shares hit five-year highs after announcing its sale to Amazon.com Inc. founder Jeff Bezos for $250 million.
This is a huge slap in the face to the paper's former management, who saw the company's value plummet over the past ten years.