Zendesk (ZEN.US), US software firm, surges over 50% in today's premarket trading following a Dow Jones report. According to the report, Zendesk is getting closer to reaching an agreement with private equity firms Hellman & Friedman and Permira. The deal will result in PE firms acquiring Zendesk. Dow Jones report does not offer any details but says that deal may be finalized within days. It comes around 2 weeks after Zendesk ended an unsuccessful bid to sell itself.
Zendesk (ZEN.US) has recently halted a drop at the $55.00 support zone marked with pandemic lows. Current premarket quotes point to an over 50% jump at the start of today's trading with stock opening near $89.00 mark. Note that this level lies within a medium-term resistance zone, marked with previous price reactions.
Source: xStation5
US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields
Oracle earnings: Good, but it could have been better.
Adobe Delivers Strong Results, but Falls Short of Expectations. The Market Fears the Impact of AI
Daily Summary: Indices Pull Back Under Pressure from Oil Prices