Update 11:05am: Updates shares, adds background.
- Vivint Smart Home ( NYSE: VVNT ) rose 2.3% on a report that the home security company is exploring strategic alternatives.
- Vivint Smart ( VVNT ) is said to be exploring alternatives including a possible take-private or sale of the company, according to a Dealreporter item from late Monday.
- Vivint Smart ( VVNT ) went public through a SPAC deal in late January 2020. The shares have plunged 62% since going public and have dropped 52% this year.
- In May Vivint Smart's CFO departed .
- VVNT short intertest is 7.7%.
For further details see:
Vivint Smart Home gain on report of sales process (update)