Previous Close | 24.55 |
Open | 24.37 |
Bid | 29.38 x 200 |
Ask | 29.68 x 200 |
Day's Range | 24.37 - 31.30 |
52 Week Range | 18.91 - 36.39 |
Volume | |
Avg. Volume | 2,390,596 |
Market Cap | 5.817B |
Beta (5Y Monthly) | 1.42 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.98 |
Earnings Date | Jun 07, 2024 - Jun 11, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 28.40 |
According to the Wall Street Journal, IBM (IBM) is reportedly in advanced stages of negotiations to acquire HashiCorp (HCP), a prominent cloud software provider. HashiCorp specializes in offering solutions that help companies manage their cloud infrastructure. Market Domination Co-Hosts Jared Blikre and Julie Hyman break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Shares of the cloud software company jumped 29% on the report, giving it a market capitalization of about $6 billion.
IBM is close to a deal to acquire cloud-software provider HashiCorp, the Wall Street Journal reported Tuesday. HashiCorp stock spiked following the report, while IBM stock is up slightly. The deal could come together in the "coming days," the Wall Street Journal reported, citing unnamed sources.