Real estate company the St. Joe is up nearly 9% today on rumours of a takeout.
ZeroHedge tweeted earlier that there was chatter in the market, and another trader informs us that the rumour — which is totally without backing, so we mention it just to say that it’s out there being discussed — is that well-known bull Bruce Berkowitz — wants to take it private.
The stock was up earlier, and then just took a huge leg up on a big volume spike, which you can see below.
Of course, this name became very well known earlier this year after David Einhorn presented his big short thesis on it.
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