Acquisition Rumors Spur Criteo Surge

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Acquisition Rumors Spur Criteo Surge

Splunk Inc (NASDAQ:SPLK), Criteo SA (ADR) (NASDAQ:CRTO) and Veeva Systems Inc (NYSE:VEEV) made major gains on Wall Street early in the day this Friday, while Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS), Fred’s, Inc. (NASDAQ:FRED) and Adept Technology Inc (NASDAQ:ADEP) posted losses.

Criteo Soars on Acquisition Talks

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More

Splunk Inc (NASDAQ:SPLK) hit midday up +20.14% after knocking it out of the park with its results report, beating expectations for earnings and raising its guidance. The software products provider is still down -21.32% year-to-date.

The share price of Criteo SA (ADR) (NASDAQ:CRTO) surged +19.23% on reports of acquisition talks with Publicis Groupe SA. The digital advertising company has been in the Tiger Global portfolio since the fourth quarter of 2013, and a deal would likely give the fund a boost. CRTO is up +7.25% YTD and +21.38% over the past 30 days.

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Veeva Systems Inc (NYSE:VEEV) got a +18.59% boost today. Yesterday, the life sciences cloud services vendor reported fiscal Q3 revenue and earnings,