Penguin Solutions Stock Closes 2.9% Higher Amid Takeover Talk
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Penguin Solutions shares closed 2.9% higher Friday, Oct. 23, as traders circulated takeover speculation linked to an alert attributed to Ben Harrington, but no prospective buyer was identified. The stock ended at $53.41, up $1.50 from the previous session, after reaching $55.74. No offer price, transaction terms or timetable were confirmed. In an Oct. 6 earnings release, Penguin reported $567 million in net sales for its fiscal fourth quarter, which ended Aug. 28. That was a 68% increase from the year-earlier quarter. Fiscal 2026 net sales rose 26% to $1.73 billion.
Source: TokenPost
