Shares of Piper Jaffray (PJC) move back down after the company deflates rumors that it's selling...

|About: Piper Jaffray Companies (PJC)|By:, SA News Editor

Shares of Piper Jaffray (PJC) move back down after the company deflates rumors that it's selling itself to a Chinese securities firm, indicating only that a possible joint venture in the region is on the table. After rising as much as 9.8%, PJC now trades up 3.1% on the day.