NCR (NYSE:NCR) stock is rising higher on Tuesday following reports that private-equity firm Veritas Capital wants to buy the company and take it private.
According to these reports, Veritas is in talks with NCR concerning a deal that would take the company off the public market. However, the reports claim a public announcement about the deal could still be weeks off, and inside sources claim it might not even happen.
Despite that, just the reports of a possible deal for NCR has the company’s stock on the move today. With that comes increased trading activity as investors buy up shares of the stock. This has some 3 million shares on the move as of this writing. For the record, the company’s daily average trading volume is closer to 2.4 million shares.
So what exactly is NCR? The company focuses on global payment services and is a software provider for point-of-sale systems. The company has a long history in the space and invented the electronic cash register, magnetic credit card strip, as well as self check-out machines.
While there’s no concrete news of a deal for NCR today, investors will want to keep an eye on it. If the reports hold true, we might be getting some interesting news from the company in the coming weeks!
NCR stock is up 13.6% as of Tuesday morning. It’s worth noting that the stock is down 20.4% since the start of the year.
There’s more stock market news worth diving into below!
We’ve got all of the latest stock market news traders need to know about for Tuesday! Among that is what has shares of Neuronetics (NASDAQ:STIM), Applied Blockchain (NASDAQ:APLD), and IBM (NYSE:IBM) stock on the move. You can read all about that at the links below!
More Tuesday Stock Market News
- Why Is Neuronetics (STIM) Stock Up 12% Today?
- Why Is Applied Blockchain (APLD) Stock Up 27% Today?
- IBM Stock Falls 6% Despite Beating Estimates
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
