Rumors Going Around That American Eagle May Be Acquired (AEO)

There have been rumors out today teen clothing retailer American Eagle Outfitters AEO may be acquired by a private equity firm. These rumors are unconfirmed, although shares of American Eagle did gain substantial ground today. Share of American Eagle spiked around 11:30, around the time the rumors started swirling. American Eagle closed at $12.84 today, up 52‎ cents or 4.22%‎.