Diamond Foods (DMND) Pops On Hedge Fund Rumor

Diamond Foods, Inc. (Nasdaq: DMND) is moving higher mid-day on a questionable rumor that hedge fund player David Einhorn of Greenlight Capital has taken a stake in the company. Rumors like this almost always prove to be untrue. Nonetheless, shares of DMDN are up 5.8 percent in mid-day trading.

DMND has been a battleground stock related to the delayed takeover of Pringles related to accounting issues at the company. Specifically about questions about payments to walnut growers.

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