Why Sumo Logic Stock Zoomed 55% Higher This Week

The beaten-down shares of cloud data intelligence company Sumo Logic (NASDAQ: SUMO) jumped by almost 55% in value this week, according to data compiled by S&P Global Market Intelligence. Citing "a person familiar with the matter," the site said that Thoma Bravo, Vista Equity Partners, and Francisco Partners have all contacted Sumo's CEO Ramin Sayar inquiring about a potential buyout. Neither Sayar nor any other executive at Sumo has yet commented on the speculation.