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Why UniFirst (UNF) Stock Is Nosediving
Shares of workplace uniform provider UniFirst (NYSE:UNF) fell 13.7% in the morning session after Cintas terminated talks to acquire the company (UNF) in a deal that would have been worth $275 per share in cash. The offer price represented a premium of 46% over the stock's average trading price before the news of the offer was made public.
Why Markforged (MKFG) Stock Is Trading Up Today
Shares of 3D printer provider Markforged (NYSE:MKFG) jumped 30.3% in the morning session after a court ruled in Desktop Metal's favor in its litigation against Nano Dimension regarding the pending merger between both companies.
Cloudflare (NET) Shares Skyrocket, What You Need To Know
Shares of internet security and content delivery network Cloudflare (NYSE:NET) jumped 6.1% in the pre-market session after the stock received a double rating upgrade (Sell to Buy) from Bank of America, indicating that the firm's analysts saw a brighter road ahead. Bank of America analysts led by Madeline Brooks highlighted Cloudflare's unique positioning in the artificial intelligence space, stating, "The company offers a differentiated approach to AI, and we place a high probability on Cloudflare becoming the leader in AI-as-a-Service (AIaaS), which we expect will emerge as the preferred method of AI consumption for enterprises."