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Here's Why SentinelOne Stock Suddenly Spiked Higher Today

TheMotleyFool

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Here's Why SentinelOne Stock Suddenly Spiked Higher Today: https://g.foolcdn.com/editorial/images/744935/it-tech-computers-cybersecurity.jpg

For much of the day, things were quiet for shares of cybersecurity specialist SentinelOne (NYSE: S), as the stock only traded about 1% to 2% higher than where it opened. That was until about 1:15 p.m. ET when SentinelOne stock suddenly spiked higher. As of 3:10 p.m. ET, shares are up about 17% for the session.

The catalyst was an exclusive report from Reuters that says SentinelOne is exploring a sale.

Since going public in 2021, SentinelOne has been a disappointing investment, with shares dropping more than 60%. Perhaps this is why shareholders are happy that the company might sell itself.

Source Fool.com

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