Online photo-printing service Shutterfly Inc has put itself up for sale and hired boutique investment bank Qatalyst Partners to find a buyer, Bloomberg reported, citing sources. (bloom.bg/1mTAcC6) The company's shares were up 13 percent at $49.05 in premarket trading on Wednesday.
Shutterfly, Inc. is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories its technology, manufacturing, Web-design and merchandising capabilities. Shares of SFLY remained unchanged at $43.51. In the past year, the shares have traded as low as $36.30 and as high as $59.93. On average, 856373 shares of SFLY exchange hands on a given day and today's volume is recorded at 104360.
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