Shares of Walter Energy (NYSE: WLT[FREE Stock Trend Analysis]) moved off 52-week lows Tuesday on renewed unconfirmed takeover chatter. Warren Buffett is the rumored buyer at $40 per share. Walter Energy is a frequent takeover name.
A spokesperson for Walter Energy was not available for comment.
Walter Energy closed at $20.51 Tuesday, a loss of $0.09 on 1.5 times average volume.