Citrix Systems Stock Rose On News Of Acquisition, Will The Gains Continue?

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Citrix Systems stock (NASDAQ:CTXS) is up 16% over the past twenty-one trading days. In comparison, the broader S&P500 index gained 3.9% over the same period. The stock tumbled in October-November after CEO David Henschel stepped down in early October. Shares jumped last week after hedge funds Elliott Management and Vista Equity Partners were considering a joint acquisition of Citrix Systems, a Businesshala report said. Now, is CTXS stock poised to rise? Based on our machine learning analysis of stock price trends over the past ten years, CTXS stock has a 58% chance of growth in the next month (twenty one trading days). View our analysis Citrix Systems stock likely to rise for more information.

Day Five: CTXS 15%, vs. S&P500 4.8%; best performing market

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(extremely rare occurrence)

  • Citrix Systems stock 15% rose Increases by 4.8% in the five-day trading period ended 11/28/2021 against the broader market (S&P500)
  • A change of 15% or more in five trading days is an extremely rare event, having occurred 7 out of 2514 times in the past ten years.

Day 10: CTXS 14%, versus S&P500 2.2%; best performing market

(1% chance of occurrence)

  • Citrix Systems stock rose 14% Over the past ten trading days (two weeks), the broader market (S&P500) is up 2.2%
  • A change of 14% or more in ten business days has a 1% chance of occurrence, which has happened 20 out of 2515 times in the past ten years

Twenty One Days: CTXS 16%, vs. S&P500 3.9%; best performing market

(2% chance of occurrence)

  • Citrix Systems stock 16% rose Over the past twenty one trading days (one month), the broader market (S&P500) is up by 3.9%
  • A change of 16% or more in twenty-one trading days has a 2% chance of occurrence, which has happened 43 out of 2515 times over the past ten years.

While Citrix Systems stock could rise higher in the near term, there are several peers in the sector that look alike. Better bet than CTXS stock, as well, Citrix Systems Peer Comparison Summarizes how the company performs against peers on key metrics.

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