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Penny Stock Surges After Fidelity Legend Lynch Reveals Stake

Peter Lynch
Peter LynchSource: Boston Herald/Getty Images
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Peter Lynch still gets investors’ attention. 

The former Fidelity Magellan fund manager revealed on Wednesday that he had taken a 5.2% stake in Imac Holdings Inc., a provider of alternative medical treatments -- and on Thursday the shares surged, up as much as 25% in early trading.