Kraft Heinz shares jump after tweet from lookalike to Barron's

By Chuck Mikolajczak and April Joyner

NEW YORK (Reuters) – Shares of Kraft Heinz Co (O:) spiked more than 4% on Friday after a fake Twitter account closely resembling that of financial publication Barron’s said the food company had been approached for a buyout.

The company’s stock rose to a session high of $30.30 at around noon, minutes after the tweet from “@barronsfinance,” an account with more than 5,000 followers on Twitter. The account uses a similar logo to the official Barron’s account, which goes under the handle “@barronsonline.”

The tweet was later deleted.

A spokesman for Kraft Heinz declined to comment. A spokeswoman for Jones & Company, the publisher of Barron’s, said @barronsfinance was not affiliated with the publication.

A Twitter message to @barronsfinance was not immediately returned. It was unclear who was behind the Twitter account.

Kraft Heinz shares were recently up 2.1% and volume on the session was over 10 million shares, about 1.5 times its 10-day average of about 7.04 million shares.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.