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Why Cloudera Stock Jumped Higher on Tuesday

TheMotleyFool

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Why Cloudera Stock Jumped Higher on TuesdayPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Shares of cloud-based data and analytics specialist Cloudera (NYSE: CLDR) spiked on Tuesday, closing the trading day up nearly 19%.

The stock's gain follows a report that the company could get acquired. Investors seem to be bidding up shares in hopes that the stock gets bought out at a premium.

Image source: Getty Images.

Source Fool.com

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