Stock Alert: E2open Parent Holdings Shares Hit 52-Week High

Shares of E2open Parent Holdings Inc. (ETWO) reached a 52-week high of $14.58 Thursday morning, and are currently trading at $13.75, up 75 cents or 5.77%, with trading volume of over 1.10 million versus an average volume of 1.91 million shares.

The company, on Thursday, said it would acquire BluJay Solutions, a cloud-based, logistics execution platform. Based on the price of E2open's Class A Common Stock at May 25, 2021 market close, the stock and cash transaction is valued at about $1.7 billion. The acquisition of BluJay would materially expand E2open's supply chain execution capabilities, especially in transportation management.

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