Is TV Guide Listings Pact Triggering Rise In InfoSpace Shares?
Something is happening with Infospace (INSP) this morning. The only news on the company is that GemStar-TV Guide (GMST) has cut a deal “for the deployment of the program listings grid on portals operated by InfoSpace.”
Does that explain the sudden interest in the stock? I don’t know. Infospace shares are up $2.17 in pre-market trading, or 10.5%, to $22.76. Note also that the stock last week rose $2.19, or nearly 12%, to $20.59.
INSP 1-yr chart:
Eric Savitz
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