Twitter shares take flight on acquisition rumors

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Rumors about an acquisition of Twitter are circulating — again

Twitter shares spiked by as much as 4% on Tuesday amid gossip in the investment community that the company had hired advisors — reportedly including Goldman Sachs — to deal with takeover bids

See also: A year after IPO, Twitter is figuring out what it needs to be

The stock was hovering at just shy of $53 a share as of publication, up more than 45% for the year to date and inching close to a 52-week high for the company

A lot of shares were also trading hands, with a volume of 29 million shares traded today, compared to the average of 17 million shares a day Read more...

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from MashableSeth Fiegerman