Market Overview

Imperva Surrenders Early Gains After Triple Upgrade

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Imperva Inc (NYSE: IMPV) shares are trading higher by $1.40 (3.8 percent) at $36,50 in Friday's session following its Q3 report.

The report prompted three different firms to upgrade the stock: DA Davidson from Neutral to Buy, Macquarie from Neutral to Outperform and Evercore from Hold to Buy.

Following a sharply higher open, it could rally only another nickel to $37.30 before sharply reversing course. So far, the ensuing decline has taken the issue into the upper-end of Thursday's ($35.85), but found support ahead of the close ($35.10), only reaching $35.45. Since making the low it has rebounded back into the $36 handle.

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