Shares of leading edge card issuer Marqeta (NASDAQ: MQ) jumped 10.9% in the afternoon session after sources revealed the company (Marqeta) could be a potential takeover target. The sources added that Mastercard (MA) and Visa (V) could be potential acquirers alongside other private equity firms. Most acquisitions tend to close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Marqeta reaches a deal with a buyer.
Adam Hejl is a journalist who specializes in financial reporting, particularly in the stock market. He writes for Yahoo Finance and StockStory, providing analysis and insights on various companies' quarterly earnings reports and comparing them to their industry peers. His articles focus on helping investors understand the performance and trends in different sectors of the stock market.