Circuit City Sees Stock Rebound
Following the news that mogul Mark J. Wattles has purchased a stake in the company, Circuit City saw its stock reach its highest level since in nearly a month, RealTimeTraders.com reported Wednesday.The stock jumped 79 cents to $4.55.
Wattles purchased 11 million shares of the struggling retail giant earlier this week, and said in an interview that both the outright purchase of the company and a force of change in leadership are options that he is considering.
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