Stock Alert: Medallia Jumps 17% On Report It's Exploring Sale

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(RTTNews) – Shares of Medallia, Inc. (MDLA) are surging over 17% on Friday afternoon. The share price was influenced by a Bloomberg report that said the customer survey software provider is exploring options including a potential sale.

MDLA is currently trading at $33.39, up $5.01 or 17.65%, on the Nasdaq. The stock has traded between $23.58 – $48.28 in the 52 week period.

According to the report, the San Francisco-based company is working with a financial adviser and private equity firms have expressed interest in buying the company.