|Bid||13.20 x 800|
|Ask||13.88 x 800|
|Day's range||13.22 - 13.96|
|52-week range||11.76 - 22.11|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||09 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||22.71|
The stock market moved lower again on Friday, finishing another losing week for the S&P 500 (SNPINDEX: ^GSPC) and other major market benchmarks. Bucking the recent trend, the Nasdaq Composite (NASDAQINDEX: ^IXIC) suffered bigger losses on a percentage basis than the Dow Jones Industrial Average (DJINDICES: ^DJI), and none of the indexes recovered too much from their lows of the day. With stocks going through a bit of a slump, some investors are getting nervous that the bull market might be coming to an end.
Such buyout bids usually come with a nice premium to where the stock traded immediately prior to the news, and that can mean a quick payday for shareholders. Two months ago, Five9's stock moved higher after Zoom announced that it had come to an agreement to acquire the call-center platform specialist. Under the terms of the deal, Zoom would pay roughly $14.7 billion in an all-stock transaction that would give Five9 shareholders 0.5533 shares of Zoom stock for every Five9 share.
The stock market has entered a turbulent period, and even the high-performing Nasdaq Composite (NASDAQINDEX: ^IXIC) hasn't been able to avoid the air pockets in the market. As of just before noon EDT on Thursday, the Nasdaq was down more than half a percent, despite remaining within a few percentage points of its record levels. With the index falling, it's not surprising that many of the tech giants that play such an influential role in the Nasdaq are on the decline.