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Why LogMeIn Stock Jumped Friday

TheMotleyFool

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Shares of LogMeIn (NASDAQ: LOGM), a provider of cloud-based customer engagement and support solutions, jumped on Friday. The stock finished the trading day up about 10.7%.

The stock's gain followed a report that LogMeIn is in talks to sell itself to a group of private equity firms.

Image source: Getty Images.

Source Fool.com

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