Shares of T. Rowe Price have soared lately on rumors that Citicorp was trying to buy the Baltimore mutual fund company.

Shares rose as high as $40.25 - from $35.25 as recently as last week - before tumbling with the rest of the market Thursday to 38.75.

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.