Home Options Trading Advantage Options – Shares of CDK Tumble on Buyout News

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Shares of CDK Global (CDK) sunk sharply in trading on Friday after news hit that Bain Capital and Vista were no longer interested in buying out the company. This also resulted in analyst downgrade ahead of earnings. The company now currently has an average rating of “hold” and an average price target of $76.80. CDK shares closed at 68.50 for the session, down -4.25%

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