Reported about 23 hours ago
Shares of Vimeo, Inc. (VMEO) soared 60.9% to $7.74 after the announcement of its acquisition by Bending Spoons for $1.4 billion, with a significant increase in trading volume. While the company is projected to report a quarterly earnings decline of 40% year-over-year, the revision of the earnings per share estimate has seen a 7.1% increase recently, indicating potential for future stock price growth. VMEO currently holds a Zacks Rank of #1 (Strong Buy), and investors are encouraged to monitor its performance closely following this impressive jump.
Source: YAHOO