Zendesk Down After Announcement Of Independence

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Zendesk (ZEN) is down -12% after an announcement that they would alter their strategy to stop pursuing opportunities for acquisition. There are 107 ETFs holding ZEN and the three with the most under management are: ProShares Big Data Refiners ETF (DAT) 7.38%, the Neuberger Berman Disrupters ETF (NBDS) 3.57%, and the iShares Virtual Work and Life Multisector ETF (IWFH) 3.53%.

ETF Newz Says:

ZENs decision to remain independent is not going over well with investors at the moment.


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