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Why Splunk Stock Jumped Sharply on Tuesday

TheMotleyFool

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Why Splunk Stock Jumped Sharply on TuesdayPhoto, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

Shares of data analytics company Splunk (NASDAQ: SPLK) popped on Tuesday. The stock had risen about 11.5% at 10:30 a.m.

The tech stock's gain follows news that technology investment company Silver Lake has agreed to buy $1 billion of Splunk convertible notes as part of an investment "to support transformation" in Splunk's business.

Image source: Getty Images.

Source Fool.com

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