Why Is Domo (DOMO) Stock Rallying Over 23% After Hours Today?
Domo stock surged after agreeing to sell substantially all assets to Progress Software for $400 million.
Domo agreed to sell its business to another company for $400 million, which made its stock price jump up a lot after the market closed. When a company sells itself, shareholders get paid, so that's why people were excited about the deal today.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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