M&A Activity

New 52-Week Highs led New Lows — 239 vs. 15.

February 29, 2024

Happy Friday Jr.

Every major index finished higher. Tech ticked +1.11%. Financials, consumer staples and healthcare settled negative.

New 52-Week Highs led New Lows — 239 vs. 15.

See the full sheet here.

The Best of the Best

Sterling Check Corp ($STER) is the best of the best. The background check company ripped +26.17% after First Advantage agreed to acquire Sterling Check for $2.2B in cash and stock.

Here’s the daily chart.

And weekly chart.

$STER has 33 followers on Stocktwits.

The Worst of the Worst

Endava ($DAVA) is the worst of the worst. The technology services company tumbled -41.76% after it announced the acquisition of GalaxE for $405M to boost its position in North America.

Here’s the daily chart.