Cybersecurity Stock Surges on Potential Sale

Calls have been much more popular over the last 10 weeks

Deputy Editor
Oct 12, 2022 at 9:54 AM
facebook X logo linkedin

Cybersecurity stock Knowbe4 Inc (NASDAQ:KNBE) is 12.6% higher to trade at $24.30, after it was revealed that Vista Equity Partners is closing in on a deal to buy the company. According to the Wall Street Journal, the private equity firm is closing in on a deal to buy KnowBe4 for about $4.5 billion, or $24.90 per share in cash.

Today's breakout has the shares at their highest level since April 29. When rumors of the acquisition surfaced in mid September, KNBE gapped higher by 28% on Sept. 19. Since then, the shares have support in place at their ascending 20-day moving average. 

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), KNBE sports a 50-day call/put volume ratio of 4.32, which stands higher than 81% of readings from the past year. In other words, the penchant for bullish bets over the last 10 weeks is abnormally high.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI