Symantec Corporation (SYMC) Shares Jump On Possible Breakup Of Security And Storage Businesses

Following reports that Symantec Corporation is exploring a possible breakup, with an announcement just a few weeks away, the security software maker's shares jumped over 3 percent in premarket trading on Wednesday. The Mountain View, California-based company is looking to split its business into two entities, with one that sells security programs and another that does data storage, according to Bloomberg, citing people with knowledge of the matter.