Slack stock spiked over 24% on acquisition news

Slack (WORK.US) stock jumped over 24% today following a Wall Street Journal report that Salesforce (CRM.US) is considering acquisition of the company. Any deal would value Slack at more than its current market cap of $17 billion. It is uncertain whether the talks will lead to a deal, and Salesforce may eventually set a different target, the report says.

Slack (WORK.US) stock rose sharply and broke above the downward trendline and major resistance at $35.30. If the current sentiment prevails, the upward move could be extended to the $39.95 handle, where all-time highs are located. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.