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Why WPP Stock Crushed it on Monday

TheMotleyFool

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Why WPP Stock Crushed it on MondayPhoto, wide shot, wide-angle lens, soft focus, Amusement park, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-9ykfBOFTwqbOHnaukQ2bUqdm.png?st=2023-05-13T13%3A50%3A52Z&se=2023-05-13T15%3A50%3A52Z&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=2023-05-12T20%3A43%3A22Z&ske=2023-05-13T20%3A43%3A22Z&sks=b&skv=2021-08-06&sig=G2Gltvd1Lg2exXRILeKuP5%2BTSWMna0SOjxb75jCyrG0%3D

Is storied advertising company (NYSE: WPP) for sale?

On Monday, stock investors seemed to think so, as many of them snapped up the company's shares on media speculation of a looming buyout offer. WPP ended the day with a nearly 7% gain, which looked particularly good when compared to the S 500 index's 0.9% drop.

On Saturday, U.K. newspaper The Times reported that at least one suitor has held talks with WPP management about buying a major stake in the company.

Source Fool.com