Fortune Brands Popping (FO)

Shares of Fortune Brands, Inc. FO had been weak all day, in line with the broader markets, but all of a sudden, the stock jumped higher, on heavy volume. Bill Ackman, of Pershing Square, owns a large position in this name, and perhaps someone knows something about Ackman's plan for the company. At last check, shares of FO are up 58 cents to $54.98, a gain of 1.1%. Fortune Brands manufactures, produces, and sells distilled spirits, home and security products, and golf products, including Jim Beam, Moen, and Titleist products.