Byline: Cailin Brown Business writer
Trans World Music Corp.'s stock jumped 2 1/2 points this week amid industry rumors that the company might be sold.
Industry analysts familiar with the company ventured that the stock price, which went from 19 5/8 last week to 21 3/4 at market close Wednesday, said the jump was probably a combination of rumor reaction and activity by bargain hunters seeking to get in on a price below $20.
Trans World, which owns and operates more than 440 record and tape stores nationwide, reported last month that comparable store sales decreased about 4 percent in May and June.
The company, traded over the counter, has …
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