Hostess’s stock shoots toward best day ever on report of Twinkies maker’s possible sale

Hostess Brands Inc.
TWNK,
+21.73%
shares soared Friday following a report that the maker of Twinkies was considering a sale to interested parties. Hostess shares surged as much as 30% to an intraday high of $28.84. after Reuters reported that General Mills Inc.
GIS,
+0.53%,
Mondelez International Inc.
MDLZ,
+0.92%,
PepsiCo Inc.
PEP,
+1.26%,
and Hershey Co.
HSY,
+1.60%
are among the companies interested in Hostess, which has hired Morgan Stanley as an adviser. The Reuters report cited sources close to the matter who asked not to be identified. The stock’s current best single-day performance was a gain of 15.4% on March 1, 2018, according to FactSet data.