4 Financial Stock Stories Not to be Missed
H.J. Heinz Company (NYSE:HNZ): Current price $72.22
Securities and Exchange Commission investigators are looking to see if a surge in bullish bets on Heinz was instigated by inside information about Berkshire Hathaway (NYSE:BRKB) and 3G Capital’s plan to buy the food industry giant for around $23 billion, according to an inside source. Data compiled by Bloomberg indicate that trading in Heinz call options rose Thursday to the highest level since January 31st. However, the source added that the present inquiry might not necessarily result in a formal investigation.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.