The New York Post reported Tuesday that Saks Inc. (SKS) has hired Goldman Sachs to explore strategic alternatives, including a possible sale of the company. The stock is now up 2.53 on 3 million shares after the bell.
Saks gapped open higher Tuesday and climbed until mid-morning, following its better than expected earnings report. The stock finished up by 1.39 at $13.67 on the highest volume of the year. Saks surged to a new high for the year.
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