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Demand Media Inc. (DMD) Is Up Sharply In Early Trade

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4/30/2012 9:49 AM ET

Demand Media Inc. (DMD: Quote) gapped open sharply higher Monday morning and is now up 1.45 at $8.70, with volume at a 2-month high. The stock has jumped to a 6-month high and has re-crossed its 200-day moving average.

Reports began to circulate over the weekend that a deal to take the company private has fallen apart.

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by RTT Staff Writer

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