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Zendesk Inc. shares rallied Tuesday as the enterprise-software company headed back into the M&A spotlight following reports it has hired an advisor to explore a potential sale.
Zendesk
ZEN,
shares surged nearly 8% in Tuesday trading, and are up nearly 25% year-to-date, while the stock’s price is 12% off its price from 12 months ago. In comparison, the S&P 500 index
SPX,
was up 1.3%, is off nearly 7% year to date, but up 7% from 12 months ago.
