Confluent Stock Soars on Takeover Rumors

Confluent Inc (NASDAQ:CFLT) stock is surging today, up 11.2% at $23.05 at last glance, after a Reuters report stated that the software name is exploring a sale. According to the news, the company is working with bankers after attracting the attention of private equity and tech firms. CFLT has rallied 46% off a late-July bear gap that culminated in a record low of $15.64. The shares traded as high as $24.07 out of the gate, but were turned away by their 320-day moving average. Since the start of the year, th ...