LogMeIn (NASDAQ:LOGM) stock identified change of 37.97% away from 52-week low price and recently located move of -11.67% off 52-week high price. It has market worth of $4.16B and dividend yield of 1.52%. LOGM stock has been recorded 2.45% away from 50 day moving average and 13.88% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.54% off 20-day moving average.
On Feb. 03, 2020, LogMeIn (NASDAQ:LOGM) a leading provider of cloud-based connectivity, reported the expiration of a 45-day go-shop period under the terms of the previously announced definitive agreement in which LogMeIn will be acquired in a transaction led by affiliates of Francisco Partners, a leading technology-focused global private equity firm, and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation, for $86.05 per share in cash. The go-shop period expired at 11:59 p.m. (Eastern Time) on January 31, 2020.
At the direction of LogMeIn’s Board of Directors, during the go-shop period, LogMeIn and its financial advisors solicited and responded to inquiries relating to the proposed merger and alternative acquisition proposals from fifty parties. Three of these parties executed non-disclosure agreements with LogMeIn, were offered access to members of LogMeIn’s senior management and were provided access to non-public information regarding LogMeIn.
No alternative acquisition proposals were received by LogMeIn during the go-shop period. Following the expiration of the go-shop period, LogMeIn became subject to customary no-shop restrictions that limit its and its representatives’ ability to solicit alternative acquisition proposals from third parties, subject to customary fiduciary out provisions.
The Technology sector company, LogMeIn noticed change of 0.06% to $85.57 along volume of 269752 shares in recent session compared to an average volume of 874.88K shares. The stock observed return of -0.47% in 5 days trading activity. The stock was at -0.49% over one month performance. LOGM’s shares are at 22.63% for the quarter and driving a -7.90% return over the course of the past year and is now at -0.20% since this point in 2018.
The average volatility for the week at 0.29% and for month was at 0.30%. There are 48.65M shares outstanding and 47.28M shares are floated in market. Right now the stock beta is 1.14.