Avast Takeover Bid for AVG Bounces Cybersecurity ETFs
July 07, 2016 at 14:02 PM EDT
Cybersecurity-related exchange traded funds led gains Thursday after Avast Software made a $1.3 billion bid to acquire rival AVG Technologies N.V. The PureFunds ISE Cyber Security ETF (NYSEArca: HACK) rose 1.7% Thursday and was testing its resistance at the long-term, 200-day simple moving average....