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Semrush jumped nearly 70% premarket after reports that Adobe is close to acquiring the company for $1.9 billion, or $12 per share, according to The Wall Street Journal. The deal is not yet final. SEMR hit a nine-month high as retail sentiment turned bullish, while Adobe shares edged slightly higher despite bearish retail sentiment on Stocktwits.
short by / 06:43 pm on 19 Nov
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