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Forgent Jumps, Waystar Rises, Coinbase Drops Ahead of Clarity Act Vote
Published 3 weeks ago
Description
On this episode of Stock Movers:
- Forgent (FPS) shares jump. The power equipment company reported fourth-quarter revenue and adjusted Ebitda above a guidance range given in May. The company’s backlog grew 256% year-over-year.
- Waystar (WAY) shares rise. Reuters reported that the firm is exploring options, including a sale, two years after a public listing in New York. The company hired Evercore to advise on the process, which is currently at an early stage, Reuters reported citing people familiar with the matter.
- Coinbase (COIN) shares drop. Hopes of the Clarity Act passing this year faded. The Senate is set to vote on the crypto regulation bill on Tuesday afternoon.
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