KnowBe4 soars following non-binding acquisition proposal from Vista Equity
Check out this morning's top movers from around Wall Street, compiled by The Fly.
KnowBe4 (KNBE) up 29% after confirming that the company received a non-binding proposal from Vista Equity Partners Management to acquire all of the outstanding shares of KnowBe4 not already owned by Vista for a price of $24 per share, payable in cash
FOXO Technologies (FOXO) up 24% after announcing on Friday the completion of its business combination with Delwinds Insurance Acquisition Corp.
Bluebird Bio (BLUE) up 4% after the FDA granted accelerated approval of Skysona to slow the progression of neurologic dysfunction in boys 4-17 years of age with early, active cerebral adrenoleukodystrophy
Wix.com (WIX) up 5% after Starboard Value disclosed a 9% stake, representing 5.17M shares
Theravance Biopharma (TBPH) up 4% after announcing that its board of directors has authorized a $250M capital return program
UP AFTER EARNINGS -
AutoZone (AZO) up 3%
Ennis (EBF) up 4%
Virios Therapeutics (VIRI) down 62% after reporting its FORTRESS study did not achieve statistical significance on the prespecified primary efficacy endpoint of change from baseline to Week 14 in the weekly average of daily self-reported average pain severity scores comparing IMC-1 to placebo
Take-Two Interactive (TTWO) down 4% after Bloomberg reported a hacker published pre-release footage from development of Take Two's "Grand Theft Auto VI"
Adobe (ADBE) down 1% after Wells Fargo analyst Michael Turrin downgraded the stock to Equal Weight from Overweight with a price target of $310, down from $425
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