Why Getty Images Stock Was Soaring This Week
Over the past few days, it hasn't been hard to imagine reaping gains on photography services provider Getty Images (NYSE: GETY). After all, the company's stock was a hot item on the market, thanks to a well-received deal to merge with a peer. According to data compiled by S&P Global Market Intelligence, as of late Thursday afternoon, the shares were up by more than 13% week to date.On Tuesday, photo-sharing site operator Shutterstock announced its shareholders had approved -- by a large majority -- their company's pending merger with Getty Images. The vote was roughly 82% in favor of the move. Image source: Getty Images.Continue reading
Over the past few days, it hasn't been hard to imagine reaping gains on photography services provider Getty Images (NYSE: GETY). After all, the company's stock was a hot item on the market, thanks to a well-received deal to merge with a peer. According to data compiled by S&P Global Market Intelligence, as of late Thursday afternoon, the shares were up by more than 13% week to date.
On Tuesday, photo-sharing site operator Shutterstock announced its shareholders had approved -- by a large majority -- their company's pending merger with Getty Images. The vote was roughly 82% in favor of the move.
Image source: Getty Images.
