A look at the Wall Street rumor mill - Unfiltered. Most of the rumors posted on this blog will never, ever, ever come true. Many are BS. Even more are wishful thinking. YOU SHOULD NEVER BUY A STOCK ON A RUMOR - NEVER! GOT IT? NOW ENJOY.
Tuesday, April 03, 2007
Starwood Hotels (HOT) Marches Higher As Takeover Talk Swirls
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) continues higher following yesterday's news that CEO Heyer was forced out. The move has created wild speculation that the company could be put on the auction block.
Shares of HOT are 2.3% today following yesterday's 4.6% move.