LogMeIn Inc. (LOGM) spiked sharply to the upside late Tuesday afternoon, before trading was halted for news. The company announced that it was found not guilty of patent infringement charges brought against it by 01 Communique Laboratory.
LogMeIn ended Tuesday's session with a gain of 3.48 at $21.26. The stock is now down 1.03 on 393K shares after the bell.
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