Imperva Inc IMPV shares are trading higher by $4.75 (11.5 percent) at $45.18 in Tuesday's session. After Monday's close, it was reported in a 13D filing that Elliot Management had accumulated a 9.8 stake in the company.
Investors want in as well and are aggressively purchasing shares of the issue. After a $4 plus higher open, it fell back to $43.72 before resuming its move higher. So far, it has reached $45.39 and isn't far off that level. If the rally continues, there maybe additional resistance at the pair of highs at the $45 area from early June.
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