Why Are Five9 Shares Trading Higher Today?

  • Institutional Shareholder Services is recommending Five9 Inc FIVN investors reject Zoom Video Communications Inc's ZM proposed $15 billion takeover bid, the Street reports.
  • The shareholder advisory service will recommend that Five9 shareholders vote against the takeover at a special meeting on September 30, the report said, citing CNBC.
  • Price Action: FIVN shares traded higher by 2.86% at $173 in the premarket session on the last check Friday.
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