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Market Chatter: Rapid7 Activist Investor Jana Partners Plans to Push Company to Sell Itself; Shares Rise
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Market Chatter: Rapid7 Activist Investor Jana Partners Plans to Push Company to Sell Itself; Shares Rise
Jun 26, 2024 9:08 AM

11:43 AM EDT, 06/26/2024 (MT Newswires) -- Rapid7 ( RPD ) activist investor Jana Partners intends to push the company to sell itself, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

Jana has built a stake in the cybersecurity company, according to the report.

Rapid7 ( RPD ) didn't immediately respond to MT Newswires' request for comment.

The company's shares were up 6.9% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 40.93, Change: +2.95, Percent Change: +7.77

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