Workflow
Why Informatica Stock Got Mashed on Monday
INFAInformatica (INFA) The Motley Fool·2024-04-15 21:46

A huge name in the customer-relationship management space is apparently interested in owning the company.Trading was sprightly in enterprise cloud-data management specialist Informatica's (INFA -6.50%) stock on Monday. That wasn't necessarily a good development, as the company is apparently the target of a buyout offer that will see its shares change hands at something of a discount. Informatica's shares closed the day down by nearly 7%, a notably steeper decline than the S&P 500 index's 1.2% fall.Sources s ...