Five9 ascends after Zoom Video agrees to acquire the company Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Five9 (FIVN) up 7% after Zoom Video (ZM) announced it has entered into a definitive agreement to acquire the company in an all-stock transaction valued at $14.7B
- Aehr Test Systems (AEHR) up 34% after announcing a $10.8M single purchase order from a silicon carbide test and burn-in customer for multiple FOX-XP systems and full sets of WaferPak Contactors
- SPX Flow (FLOW) up 29% after Ingersoll Rand (IR) confirmed that it made an all-cash non-binding proposal to the board of SPX Flow to acquire the company for $85 per share
- MIND Technology (MIND) up 5% after announcing that its Seamap unit has received new orders totaling approximately $4.1M for source controller and GNSS positioning systems
- Pershing Square Tontine Holdings (PSTH) up 1% after the company announced that its board unanimously determined not to proceed with its previously announced Universal Music Group transaction
DOWN AFTER EARNINGS -
- Tractor Supply (TSCO) down 3%
LOWER -
- Zoom Video (ZM) down 2% after entering into a definitive agreement to acquire Five9 (FIVN) in an all-stock transaction for $200.28 per share
- Velodyne Lidar (VLDR) down 4% after announcing that Anand Gopalan has informed the board of directors that he is stepping down as CEO and a member of the board
- Ingersoll-Rand (IR) down 6% after confirming its proposal to acquire SPX Flow
- BioNTech (BNTX) down 2% after entering into a purchase agreement for the company to acquire Kite's solid tumor neoantigen T cell receptor R&D platform and clinical manufacturing facility in Gaithersburg, Maryland
- Red Cat (RCAT) down 39% after a 13.333M share secondary offering priced at $4.50
Symbols:
FIVN AEHR FLOW MIND TSCO ZM VLDR BNTX - $231.52 /
+10.18 (+4.60%)
RCAT PSTHPershing Square Tontine Holdings
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