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Confluent Stock Soars on Takeover Rumors
ConfluentConfluent(US:CFLT) Schaeffers Investment Research·2025-10-08 22:47

Confluent Inc (NASDAQ:CFLT) stock is surging today, up 11.2% at 23.05atlastglance,afteraReutersreportstatedthatthesoftwarenameisexploringasale.Accordingtothenews,thecompanyisworkingwithbankersafterattractingtheattentionofprivateequityandtechfirms. CFLThasrallied4623.05 at last glance, after a Reuters report stated that the software name is exploring a sale. According to the news, the company is working with bankers after attracting the attention of private equity and tech firms. CFLT has rallied 46% off a late-July bear gap that culminated in a record low of 15.64. The shares traded as high as $24.07 out of the gate, but were turned away by their 320-day moving average. Since the start of the year, th ...