Deals
Toshiba Soars on Optimism for Sale of Memory Chip Division
- Shares climb by 22 percent amid heavy trading turnover
- Short interest this week rose to the highest since June
What's Ahead for Toshiba After Revealing $6.3B Loss
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Toshiba Corp. jumped the most on record on optimism the company will be able sell its memory chip division and survive the crisis caused by a writedown at its nuclear business.
Shares soared 22 percent, the most on record, according to data compiled by Bloomberg going back to 1974. Volume on Wednesday was three times the 30-day average.