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Why Is It Moving? Looking Into Why Nuance Communications's Stock is Trading Higher Today

April 12, 2021 10:51 am
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The Price And Volume Action In Nuance Communications's Stock Today

Nuance Communications's (NASDAQ:NUAN) stock has been rising Monday, up 16.71% to a price of $53.01. The stock's volume is currently 45.44 million, which is roughly 1478.59% of its recent 30-day volume average of 3.07 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Nuance Communications shares are trading higher after Microsoft announced it will acquire the company for $56 per share.

Perspective On Recent Price Action

The stock's 50-day moving average was $45.34 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $51.62 and fallen to a low of $16.45.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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