Shares of Kraft Heinz Co spiked more than 4% on Friday after a Twitter account c...
) spiked more than 4% on Friday after a Twitter account closely resembling that of financial publication Barron’s said the food company had been approached for a buyout.
The company’s stock rose to a session high of $30.30 at around noon ET , minutes after the tweet from “@barronsfinance,” an account with more than 5,000 followers on Twitter. The account uses a similar logo to the official Barron’s account, which goes under the handle “@barronsonline.
A spokesman for Kraft Heinz declined to comment. A spokeswoman for Dow Jones & Company, the publisher of Barron’s, said @barronsfinance was not affiliated with the publication.
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