SWIR - Sierra Wireless jumps 18% on report of Semtech buyout talks

• Trading in Sierra Wireless ( NASDAQ: SWIR ) was paused for volatility and the stock shot up 17.8% off a report that Semtech was in advanced talks to acquire the company.
• A purchase deal could be announced within days, Bloomberg reports.
• A deal might be timely after the stock suffered its worst four-day drop in a few years a week ago. Last Monday, Sierra Wireless fell 8.9% in U.S. trading, its fourth straight decline. But it recovered on each of the other four days of last week.
• Over a five-year span, the stock is down 0.2% after climbing back from depths it plumbed at the start of the COVID-19 pandemic.
• Just after that rough July 25 decline, Roth Capital said there was a buying opportunity in the stock going into Q2 results .

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