Vanguard Group Inc's Strategic Acquisition of 8x8 Inc Shares

Published on 7 Oct 2024 on GuruFocus.com · via Yahoo Finance

Vanguard Group Inc's Strategic Acquisition of 8x8 Inc Shares

Overview of Vanguard's Recent Transaction

On September 30, 2024, Vanguard Group Inc, a prominent investment firm, expanded its portfolio by acquiring an additional 795,032 shares of 8x8 Inc (NASDAQ:EGHT), a leader in cloud communications technology. This transaction increased Vanguard's total holdings in the company to 12,923,468 shares, reflecting a significant endorsement of 8x8 Inc's market potential. The shares were purchased at a price of $2.04 each, underscoring a strategic move by Vanguard to capitalize on current market valuations.

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Vanguard Group Inc's Strategic Acquisition of 8x8 Inc Shares

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