Why SentinelOne Stock Is Skyrocketing Today
SentinelOne (NYSE: S) stock is soaring Monday following reports that the company could be acquired by another player in the cybersecurity space. The company's share price was up 8.7% as of 3:15 p.m. ET. Meanwhile, the S 500 was up 0.3%, and the Nasdaq Composite was up 0.5%. The stock had been up as much as 18.8% earlier in trading.
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SentinelOne stock is soaring today following a report that the company could be acquired by Palo Alto Networks. The validity of the report remains unconfirmed, but investors are excited about the possibility for the smaller cybersecurity player to be acquired at a premium.
Source Fool.com
