Shares up 4.5% today, something must be happening in the background...
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Citrix is always a market follower, never a market leader. That means if the market goes up 2% then Citrix will go up by no more then 0.5% . The market went up by 0.56% but Citrix is up well over 4.0% so this is very unusual.
Citrix is not a market leader so today's increase is very abnormal. It means there are additional forces at work. Starting coverage by Wells Fargo would not explain this massive surge, it must be other news that blue horseshoe has that we don't know of yet.
Everything is so quiet you can hear a pin drop at the office today, something is definitely going on...
Well Fargo analyst upgraded the target share price for Citrix. I guess that is the likely driver for the bump.
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