Tuesday, May 18, 2010

Verisign, Inc. To Be Bought Out By SYMC


The stock market may have been down today but that didn't stop VeriSign, Inc (VRSN) from rallying over 5% today on reports that SYMC is on the verge of buying them out. The stock broke out to a new 52 week high on very heavy volume (17.4 million shares).

It doesn't pay to analyze this stock from a technical point of view because it's all about the news right now with VRSN.  Today VeriSign, Inc. closed at 28.23 which is up 5.69% from yesterday's close while SYMC closed  at 15.95, down 2.03% from Monday's close.


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