Retail

What Lit the Fire Under RadioShack Shares?

RadioShack Logo
courtesy of RadioShack
RadioShack Corp. (NYSE: RSH) traded up as much as 14% Tuesday morning on no particular good news. In fact the only news we have seen on the company is a bit from CNBC in which an analyst from BB&T Capital Markets suggested that the company most likely will have to file for bankruptcy protection after the holidays.

His argument is pretty solid. The electronics gear store having the best holiday season is Best Buy Co. Inc. (NYSE: BBY), and the gear that Best Buy is selling the most of Ultra HD TVs, something that RadioShack does not offer. Another top seller is video games, something else that RadioShack does not sell.

Even if a consumer wants to buy something that RadioShack sells, BB&T’s analyst points out that most consumers would be wary of picking a store that may not be in business to handle support and return issues.

There doesn’t appear to be any insider buying, nor are there any new SEC filings. So what gives? Traders hitting the eggnog a little early? Stocking stuffers? Who knows.

RadioShack’s shares traded up more than 11% about half an hour before noon on Tuesday, at $0.39 a share in a 52-week range of $$0.30 to $2.79.

ALSO READ: RadioShack Still Looking for Cash

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.