Diamonds and Dogs
Geeknet Inc. (GKNT)
Geeknet investors are looking smart today as the company rallied 115.32% to $17.01. The online retailer saw its shares skyrocket after news that Hot Topic would purchase the company. Under terms of the deal, Hot Topic will pay Geeknet shareholders $17.50 per share (more than double the company's Friday close), which values the deal at around $117.3 million. Geeknet shares popped over $9.00 today to a new 52-week high of $17.35 intraday.
Jumei International Holding Limited (JMEI)
Jumei is going to need a lot of makeup to cover the horrible day it is having with shares down 14.92% to $21.61. The beauty supplier in China saw its shares fall after releasing earnings. For the quarter, the company announced EPS of $0.11 on revenue on $250.59 million. The news which was released on Friday caused the company to sell off, and continue its sell off today. Shares of Jumei fell over $3.75 but is still well above their 52-week low of $12.11.