Why Are PagerDuty (PD) Shares Soaring Today

From Stockstory.org does not seem to be associated with a specific media company listed.:

PagerDuty (NYSE:PD) shares shot up 6.3% after reports of possible acquisition talks with private equity firms. No deal is certain, but acquisitions typically result in a premium to stock price. PagerDuty’s shares have been less volatile than the market average, with only 12 significant moves in the past year. Despite a 19.5% increase since the beginning of the year, the stock is still 25.1% below its 52-week high. Investors who bought $1,000 worth of shares at the IPO in April 2019 would now have an investment worth $684.71.



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