Avid Technology shares are trading higher following a report suggesting the company is working with Goldman Sachs to explore a sale.
Portfolio Pulse from Benzinga Newsdesk
Avid Technology is reportedly working with Goldman Sachs to explore a potential sale, causing its shares to trade higher.
May 24, 2023 | 5:51 pm
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Avid Technology's stock price is trading higher due to reports of the company working with Goldman Sachs to explore a sale.
The news of Avid Technology exploring a sale with Goldman Sachs has a direct impact on the company's stock price. Investors may see this as a positive development, leading to increased demand for the stock and driving the price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100