i own 400 slack stocks. how much will slack stock go up after the news of being acquired by salesforce ? should i sell it or hold ? if hold, then why? would you keep or sell it? if sell then when? i am very new to this, please suggest
This just validated that everyone wants a piece of Slack. Why would anyone sell it? I hope Slack says No to them.
Slack has been down over the past 5 years, the only reason it’s up is because of the news. Once the rumor dies out it’s going to drop big time
If you judge a company by its stock price, sure. Amazon and Tesla were -ve for years.
It is very common for almost all the gains to be made after the rumor is out (so you’re there already). It depends on the final sale price which could be higher. There is an outside chance of a bidding war if another company wants to buy them, which could cause it to go even higher. I would wait until the deal is formally announced and then sell. Note that you will lose a lot of gains of it falls through, but that isn’t that common.
Most useless comment with absolutely no useful info
Yeah like anybody know
Nobody knows and can give you a definitive answer. As it happens with other companies that fail to excite investors with the revenue, m and a rumors are the only reason the stock is going up. In other words, if that rumor doesn’t materialize you won’t see Slack price at today’s close any time again. Unlike Amazon / Tesla, slack didn’t revolutionize anything to have a huge long term upside.
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