Why Informatica Stock Sank Today
Informatica (INFA) The Motley Fool·2024-04-22 18:51Salesforce isn't going to buy the company.Shares of Informatica (INFA -7.59%) sank on Monday after the company confirmed that Salesforce won't be acquiring it. As of 1:30 p.m. ET, Informatica stock was down about 9%.Did a deal with modest upside fall apart?Informatica stock took a hit earlier in the month after an article from The Wall Street Journal said that Salesforce was looking to acquire the cloud-based data management company for less than its stock price at the time. However, Informatica released a ...