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LL - What Drove Lumber Liquidators Almost 18% Higher Wednesday?
Lumber Liquidators Holdings Inc
Shares of Lumber Liquidators(NYSE: LL), a large chain retailing hardwood flooring products, jumped as much as 18% Wednesday. This came after Bloomberg reported the company's founder is working on a bid to take the company private.
Lumber Liquidators hit a 52-week low roughly a month ago, has shed 41% of its value over the past year, and has plunged 82% over the past five years. It's been a rough ride for investors: