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Stock impact report

Why Is ON24 (ONTF) Stock Rocketing Higher Today [Yahoo! Finance]

ON24, Inc. (ONTF) 
Company Research Source: Yahoo! Finance
The deal, valued at approximately $400 million, stipulated that ON24 shareholders would receive $8.10 per share in cash. This sale price represented a substantial premium for investors. The stock's sharp rise reflected the market adjusting to the value of the acquisition offer. Is now the time to buy ON24? Access our full analysis report here ON24's shares are not very volatile and have only had 8 moves greater than 5% over the last year. Moves this big are rare for ON24 and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was about 2 months ago when the stock gained 17.3% on the news that the company reported it had received interest for a potential acquisition and posted strong third-quarter financial results. In an official filing, ON24 stated its Board was evaluating preliminary, non-binding indications of interest with the help of Goldman Sachs. While the company noted there was no guara Show less Read more
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