After several weeks of relative stability, shares of Money Store Inc. surged 11.96% Wednesday in heavy trading, sparking conjecture that a long- rumored sale was close at hand.

The Union, N.J.-based lender closed at $27.50, up $2.9375; 3.167 million shares changed hands, more that twice the daily average.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.