11/18/2009 - Playboy (NYSE:PLA) shares fell 5.6% in afternoon trading after private equity firm Oak Hill Capital Partners said that the rumors that the company is interested in buying the magazine publisher are untrue, according to an AP report. Earlier in the week, Golden Gate Capital also said it will not be involved in the possible purchase of Playboy. Playboy's shares had jumped last week after reports circulated that it was in talks with several parties about a potential purchase.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html