Shares of SentinelOne (NYSE:S) surged 9.4% following reports of potential acquisition by Palo Alto Networks, valuing the cybersecurity firm between $8-10 billion. Despite both companies not commenting on the rumors, trading volume doubled. The stock closed at $19.80, up 9.9% from previous close. SentinelOne’s volatile nature, with 19 moves over 5% in the past year, suggests the market sees the news as significant but not altering its perception. Previously, Rosenblatt Securities initiated coverage with a “Buy” rating and $24 price target, citing strong revenue growth and undervaluation. The stock is down 10.4% year-to-date and 29.5% below its 52-week high.

Read more at StockStory: Why SentinelOne (S) Stock Is Trading Up Today