Motley Fool
Why Alteryx Stock Was Slipping Today
Shares of Alteryx (NYSE: AYX), the data-analytics software maker, were pulling back today as analysts reacted to news that Broadcom (NASDAQ: AVGO) was in talks to acquire SAS Institute, a privately held Alteryx competitor. Investors took the news as a sign of intensifying competition, and Alteryx stock finished the day down 4.6%. According to The Wall Street Journal, which first broke the news, chip-maker Broadcom is planning to take over SAS Institute in a deal valued between $15 billion and $20 billion.
