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PLAB - Photronics gains as traders circulate potential activist interest
Photronics Inc.
Photronics (PLAB) rose 3.5% on some speculation that the company may be a target for an activist, specifically Dan Loeb's Third Point.Traders are citing a report from Activist Insight for the speculation with comments on twitter.Photronics didn't immediately respond to Seeking Alpha request for comment.Recall Feb. 25, Photronics slides after Stifel downgrade on lack of near-term catalysts.