Why Matterport Stock Jumped 175.3% This Week [Yahoo! Finance]
Matterport, Inc. - Class A (MTTR)
Company Research
Source: Yahoo! Finance
CoStar (NASDAQ: CSGP) . According to data provided by S&P Global Market Intelligence , the stock was up as much as 175.3% and is up 170.7% for the week as of 2:30 p.m. ET. The buyout CoStar is buying Matterport for a whopping $5.50 per share, which compares to the closing price of $1.74 per share last Friday. The deal includes $2.75 per share in cash and another $2.75 per share in CoStar stock, which is up on the news this week. This is one of the largest premiums I've seen, and there may be reason to keep holding on until the deal closes. What to do now Investors have a few options now that the deal has been announced. Matterport's shares are trading for $4.72 late on Friday, so there's about 17% upside in holding until the deal closes. Investors could also take a profit after the bounce in shares, leaving that upside on the table. The logic there would be that acquisitions sometimes don't close, and if the deal falls through, shares could drop back closer to $1.74 per sh
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News
- Matterport, Inc. (MTTR) Reports Q1 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Matterport (NASDAQ:MTTR) Reports Q1 In Line With Expectations, To Be Acquired [Yahoo! Finance]Yahoo! Finance
- Matterport Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Matterport Announces First Quarter 2024 Financial ResultsGlobeNewswire
- Matterport Earnings: What To Look For From MTTR [Yahoo! Finance]Yahoo! Finance
MTTR
Earnings
- 5/6/24 - Beat
MTTR
Sec Filings
- 5/6/24 - Form 425
- 5/6/24 - Form 425
- 5/6/24 - Form 8-K
- MTTR's page on the SEC website