Why Splunk Stock Jumped Sharply on Tuesday

Shares of data analytics company Splunk (NASDAQ: SPLK) popped on Tuesday. The stock had risen about 11.5% at 10:30 a.m.

The tech stock's gain follows news that technology investment company Silver Lake has agreed to buy $1 billion of Splunk convertible notes as part of an investment "to support transformation" in Splunk's business.

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Source Fool.com