Shares of Jive Software Inc. (NASDAQ: JIVE) rose 17.4% in the month of April, according to data provided by S&P Global Market Intelligence, just before the business collaboration solutions specialist announced it had agreed to be acquired.
Curiously, Jive Software stock was largely flat in the first half of last month, then it started to climb shortly thereafter — including a more than 6% pop on April 25, 2017 — despite no company-specific news that would seem to merit such a move.