Options Traders Blast Salesforce, Informatica After Buyout

The shares of Informatica Inc (NYSE:INFA) are up 5.3% to trade at $23.75 at last glance, after the data management concern agreed to be bought by Salesforce (NYSE:CRM) in a deal valued at$8 billion. In response, CRM was last seen 1.1% higher to trade at $276.10.Despite its 8.5% year-to-date deficit, INFA has added 35.9% so far this quarter. The stock is now eyeing its third-straight daily gain, after on Friday marking its best day since November 2023, hitting its highest level since February, and breaking ...