Stock Watch: Peapod Gains on News of Possible Investor

One bright spot Tuesday was Peapod, Inc. (Nasdaq: PPOD). The stock rose 9/16 to 3 1/4 after the company said it is in talks with an unidentified party about a “substantial equity investment,” and has obtained a commitment from that party for a bridge loan to ease its cash crunch.

The online grocer, which is in imminent danger of running out of cash, said the loan and the investment are subject to conditions, including the negotiation and completion of definitive agreements.

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