Anthony Scaramucci Moves Markets! (RSH)

Last night on CNBC's Fast Money post market show, Anthony Scaramucci, founder of Skybridge Capital, detailed RadioShack RSH as the "hedge fund trade of the week." This is a popular segment on the show and definitely has the power to move the market, as we are seeing on Friday.

Scaramucci said that he thinks RadioShack (RSH) is worth at least $22.00 and likely as much as $25.00 if a suitor for the company emerges. He noted that the stock is cheap, trading at just 8.6 times earnings. The company has a market cap of $1.5 billion and operates 6,500 retail locations offering an assortment of technology products.

During Friday's trading session, RSH shares have risen a little more than 3% to $15.12. Volume has been heavy with more than 2.3 million shares already trading hands during the first 3 hours of the trading session.

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Posted In: CNBCFast MoneyHedge FundsIntraday UpdateMoversMediaGeneralAnthony ScaramucciComputer & Electronics RetailConsumer DiscretionarySkyBridge Capital
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