Shares in Level 3 (NASDAQ:LVLT) soared today starting at about 2 PM. Shares ended up 13% to $3.19 on almost 66 million shares.

News came out earlier in the week that Soros took a position in the company.

But, that could not be the cause.

News over the weekend?

Level 3 is being reviewed for this weekend’s "10 Stocks Under $10" Newsletter.

Douglas A. McIntyre