Why TaskUs Stock Soared on Friday
Digital services provider TaskUs (NASDAQ: TASK) had a busy day on Friday. The company, which provides customer support and business process operations to other businesses, reported first-quarter earnings in the early morning -- and that wasn't the biggest news of the day. TaskUs is also going private in a deal financed by its co-founders and banking powerhouse Blackstone (NYSE: BX).The stock had gained 18.2% overnight as of 12:45 p.m. ET, trending higher across the morning session.Image source: Getty Images.Continue reading
Digital services provider TaskUs (NASDAQ: TASK) had a busy day on Friday. The company, which provides customer support and business process operations to other businesses, reported first-quarter earnings in the early morning -- and that wasn't the biggest news of the day. TaskUs is also going private in a deal financed by its co-founders and banking powerhouse Blackstone (NYSE: BX).
The stock had gained 18.2% overnight as of 12:45 p.m. ET, trending higher across the morning session.
Image source: Getty Images.
