NaviSite 33% Higher Following Acquisition News

Shares of NaviSite Inc. (NAVI) are trading up 30% at $5.40 per share during the Wednesday mid-morning trading session. The stock broke out to the upside earlier, rallying as high as 33%. Spike attributed to Time Warner Cable Inc. ( TWC) which late Tuesday announced that it would acquire the provider of enterprise-class hosting for [...]