Why HashiCorp Rocketed Over 21% on Tuesday

The Wall Street Journal reported IBM may be nearing a deal to buy the software maker.Shares of cloud automation software company HashiCorp (HCP 19.67%) were rallying hard on Tuesday, up 21.7% as of 3:56 p.m. ET.The software company, which went public in 2021 and helps businesses set up their cloud infrastructure, is apparently nearing a deal to be acquired by tech giant IBM (IBM 0.16%), according to an exclusive report in The Wall Street Journal.The company had been rumored to be seeking a buyer since March ...