Sonos Stock Spikes Today on Apple Acquisition Rumor
Shares of Sonos (NASDAQ: SONO) stock spiked on Monday, after a prominent short-seller issued a report on the home audio company. But rather than discuss shorting the stock, the report stated that it's "a better time than ever" for Apple (NASDAQ: AAPL) to acquire the company outright.
Shares of Apple barely budged on the news. But as of 2 p.m. EDT, Sonos stock was trading 18% higher. And traders are likely eyeing even more upside based on the report.
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Source Fool.com
