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Why HubSpot Stock Plummeted by 12% Today

TheMotleyFool 
0 0 10.07.24
Why HubSpot Stock Plummeted by 12% TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

It's never pleasant for a shareholder to learn that a potential high-premium takeover of one of their investments has been scratched. Unfortunately for HubSpot (NYSE: HUBS) investors, that's exactly what happened on Wednesday. On the news, market players aggressively sold out of the shares, leaving HubSpot with a 12% decline in price on the day.

That morning, Bloomberg reported that Alphabet is abandoning its play at acquiring HubSpot. Citing unidentified "people familiar with the matter," the financial news agency said that the two companies "didn't reach a point of detailed discussions around due diligence."

Bloomberg reached out to Alphabet and HubSpot for comment; neither offered any.

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Source Fool.com

Hubspot Inc. Stock

€206.00
0.490%
The Hubspot Inc. stock is trending slightly upwards today, with an increase of €1.00 (0.490%) compared to yesterday's price.
Currently there is a rather positive sentiment for Hubspot Inc. with 3 Buy predictions and 1 Sell predictions.
With a target price of 230 € there is a slightly positive potential of 11.65% for Hubspot Inc. compared to the current price of 206.0 €.
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