FireEye (FEYE) Stock: Here’s Why It’s Soaring

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FireEye Inc (NASDAQ: FEYE)

FireEye had a decent run in the market yesterday, and it looks like we’re off to the same type of start today. At the moment, the stock is spiking toward the top. Today, we’ll talk about what we’re seeing, why we’re seeing it, and what we’ll be watching for with regard to FEYE ahead.

What We’re Seeing From FEYE

As mentioned above, FireEye had a strong day in the market yesterday and is off to a great day in the market today. As soon as the opening bell rang, the stock took a run toward the top. Currently (9:40), FEYE is trading at $13.65 per share after a gain of $0.03 per share (0.22%) thus far today.

Why We’re Seeing The Gains

As soon as the market opened and FEYE started running, the CNA Finance team started to dig to see what was causing the spike. It didn’t take long to find the cause. While there hasn’t been any fundamental news released by the company, there is quite a bit of online chatter.

According to the social chatter, FireEye is gearing up to be acquired. Now, keep in mind that the chatter is nothing more than rumor at this point.

What We’ll Be Watching Ahead

Moving forward, the CNA Finance team will be watching FEYE closely to see if anything comes of these rumors. Of course, if we dig anything up, you’ll be the first to know. Just make sure to sign up for our mailing list below!

[Image Courtesy of Flickr]

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