What's Going On With Salesforce and Informatica Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Salesforce Inc (NYSE:CRM) and Informatica Inc (NYSE:INFA) ended acquisition talks without reaching an agreement, impacting their stock prices. Informatica's stock declined, while Salesforce's stock increased. The talks, if successful, could have marked one of Salesforce's largest acquisitions. Informatica's stock price dropped to $35.19 from $38.48 since the talks were revealed, valuing the company at about $11.2 billion. Salesforce, facing criticism from activist investors, has seen its acquisition strategy scrutinized. Informatica's stock has gained over 127% in the last 12 months, while Salesforce's stock has gained 39%.
April 22, 2024 | 1:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Informatica Inc's stock price declined after acquisition discussions with Salesforce Inc were terminated.
The decline in Informatica's stock price can be attributed to the market's reaction to the failed acquisition talks, as acquisitions often carry a premium for the target company's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Salesforce Inc's stock price increased after acquisition talks with Informatica Inc ended without an agreement.
The end of acquisition talks typically leads to uncertainty reduction for the acquiring company's stock, in this case, Salesforce, which might explain the positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90