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Why RadioShack (RSH) Stock Is Up More Than 25% Today

RadioShack (RSH) shares are soaring today thanks to Standard General LP‘s recent comments on the company.


Source: RadioShack website

The hedge fund — one of the company’s largest shareholders — said its in talks with the company to help it improve its liquidity ahead of the holiday season.

Standard General will help improve RadioShack’s credity facility by acquiring its loans and more. The firm, along with several other investors, will invest in the electronics company’s credit facility.

Standard General owns a 9.8% stake on the company.

RSH stock is up about 27% Friday afternoon.

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