On Tuesday, the Dow Jones Industrial Average is up by over 300 points as investors anticipate yet another slew of high-profile corporate earnings this week.
Following the stock market opening on Tuesday, the S&P 500, Dow, and Nasdaq are trading lower at 0.79%, 0.89%, and 0.71% respectively.
This could push the Federal Reserve to increase the size of its interest rate hikes as it tries to control inflation.
With Blackstone being a global leader in real estate investing, such a move is not all that surprising.
He says, “This transaction delivers compelling, immediate, and certain value to our shareholders while positioning ACC to further expand our competitive advantage as we continue in our quest to lead the student housing industry to new heights.
Overall, it seems that Blackstone is planning to leverage the rise in rent as students return to life on campus.
In other words, Zendesk is exploring a sale and investors seem to be keen on ZEN stock now.
Going into the details, Bloomberg notes that Zendesk’s current move is the result of growing pressure from activist investor Jana Partners.
Previously back in February, Zendesk did reject a takeover offer from a consortium of firms. Should the company have accepted the deal, it would value Zendesk at around $127 to $132 per share at the time.
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