Shares of Tweeter Home Entertainment, a Boston-based consumer electronics chain that filed for bankruptcy in 2007, soared Friday in a case of mistaken identity on Wall Street.
Tweeter, which trades over the counter, opened at 2 cents a share and jumped as much as 15 cents - or 1,800 percent - before regulators halted trading.
Almost 15 million shares had changed hands at that point, while the average daily volume is closer to 150,000.
Twitter disclosed late Thursday that it will trade as TWTR after it launches a $1bn initial public offering. Actual trading in the shares won’t be available for a few more weeks.
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