Tibco Software Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Tibco Software (Nasdaq: TIBX  ) jumped 10% briefly after rumors of buyout talks arose.

So what: Hewlett-Packard (NYSE: HPQ  ) looked into buying the company, but talks fizzled two weeks ago. Goldman Sachs was advising Tibco on the possible buyout.

Now what: The stock spiked at the open, but since traders already knew a deal wasn't imminent, we've since seen shares pull back. I wouldn't read into this rumor too much, because it looks like HP has given up, and the market isn't expecting a deal anymore. The 4% bump that shares still retain makes this a nice point for anyone looking to sell, but I'm not seeing any buy signs today.

Interested in more info on Tibco Software? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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