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BREAKING- Jones Group Spikes on Takeover Rumors

Shares of The Jones Group Inc. (NYSE: JNJ) spiked more than 4 percent at 2:00 p.m. EDT as reports surfaced that the company might be entertaining takeover bids.

The company is set to report earnings on July 31 and is up nearly 30 percent in the past six months.

[stock-tools exchange="NYSE" symbol="JNJ" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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