Market Overview

F5 Networks Spikes On Rumors Of Talks With Goldman For Possible Sale


F5 Networks, Inc. (NASDAQ: FFIV) shares are trading higher by $14 at $124.04 in Tuesday's session. The catalyst for the sharp and sudden rally is that the company may be in talks with Goldman Sachs for a possible sale, according to Reuters.

It has now cleared its October high of $123.25, reaching $124.47. The next potential resistance points are its August 21 high ($126.82) and its August 20 high ($131.59).

Posted-In: News Rumors Technicals Intraday Update Movers Trading Ideas


Related Articles (FFIV)

View Comments and Join the Discussion!

Intuitive Surgical Has 'Ample Runway' To Grow Despite Medtronic's Robotic Surgery Push, Canaccord Says

NextEra's Target Raised To $134 At Argus