Not only did the stock have its first up day following six days of down or unchanged trading since its IPO pop on 6/22, but the company also announced its first major deal since going public with its purchase of Hilton (HLT-OLD) for $47.50 per share in cash.
Speaking of Hilton (HLT-OLD), Tuesday's trading before the deal was announced certainly raises eyebrows. With over a 6% gain on the day, it was its largest up move since December 2005. News of this deal appears to have been about as private as the personal life of Paris Hilton.
Looking at Tuesday's HLT option volume also shows some unusual activity. Total option volume for the day was the highest since at least 2005, and this came on a day when the market was only open for slightly more than half a day!