Envestnet Inc
ENV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$24.00 | Khymp | Sqjvlbssv |
Envestnet: Media Reports Indicate It Is Receiving Takeover Interest
On April 16, Reuters reported that Envestnet is exploring a potential sale of itself and has been working with investment bank Morgan Stanley. As a result, the firm’s shares rose 9.3% versus a 0.2% decline in the Morningstar US Market Index.