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Why Criteo Stock Zoomed Nearly 8% Higher on Tuesday

Why Criteo Stock Zoomed Nearly 8% Higher on Tuesday

Hot speculation inflated the stock price of French advertising tech company Criteo (NASDAQ: CRTO) on Tuesday. The speculation comes from a Reuters article, which cited unnamed "people familiar with the matter" as claiming that Criteo is looking to put itself on the block. According to the article's sources, Criteo has hired investment bank Evercore to advise it on a sale.