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Manchester United’s Stock Soars

Shares of Manchester United extended recent gains on Friday!

The stock keeps rising after the English soccer club’s American owners, the Glazer family, said that they were exploring the possible sale of the team.

Tweet on Man Utd stock fluctuation

Older chart on the Man Utd stock on Rolando’s news

The U.S.-listed stock was recently up more than 16% in Friday trading. It is up nearly 70% from last week’s close, on track for its largest weekly increase on record based on data going back to 2012, according to Dow Jones Market Data.

United said Tuesday that it was “commencing a process to explore strategic alternatives for the club” and had engaged the Raine Group to advise the organization on a sale.

“As part of this process,” the club said at the time, “the board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company.”

At Friday’s intraday high, the shares were up more than 22%.

Image:Manchester United