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HashiCorp (HCP) Surges 21.4%: Is This an Indication of Further Gains?
HCPHashiCorp(HCP) Zacks Investment Research·2024-04-24 17:10

HashiCorp, Inc. (HCP) shares rallied 21.4% in the last trading session to close at 29.15.Thismovecanbeattributabletonotablevolumewithahighernumberofsharesbeingtradedthaninatypicalsession.Thiscomparestothestock′s8.829.15. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.8% loss over the past four weeks.The upswing in shares can be attributed to rumors that IBM might bid for HashiCorp.This company is expected to post quarterly loss of 0.01 per share in its upcoming report, which represents a year-over-year change of +85.7%. Revenues are ...