Coupa Software program shares surge on report of desire from Vista

Shares of Coupa Software Inc.
COUP,
+28.32%
surged as a lot as 37% Wednesday next a report that Vista Equity Companions was thinking about obtaining the firm. The stock was halted for volatility at 1:28 p.m. Japanese and resumed investing at 1:39 p.m., and was past up 29%. Before, Bloomberg Information reported on the deal. Even with the surge, shares are nonetheless down about 63% yr to date, when compared with a 15% drop on the S&P 500 index
SPX,
+.51%.
By 3 p.m., as a lot of as 9.5 million shares has traded arms, compared with a 52-week daily regular quantity of 2.1 million shares.