SPT May 2024 65.000 put
| Previous Close | 7.20 |
| Open | 7.20 |
| Bid | 11.50 |
| Ask | 16.10 |
| Strike | 65.00 |
| Expire Date | 2024-05-17 |
| Day's Range | 7.20 - 7.20 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3 |
- Reuters
Exclusive-Sprout Social's founders in bid to take social media tools provider private, sources say
The founders of Sprout Social are in talks to take the provider of social media tools to businesses private, changing course after listing the company in the stock market five years ago, people familiar with the matter said on Monday. The Chicago, Illinois-based company's board has formed a special committee of independent directors to consider a deal and has hired investment bank Morgan Stanley as its adviser, the sources added.
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Sprout Social (SPT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
