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Cyber security stocks in broad rally after report of Symantec in buyout talks

Tomi Kilgore

Shares of cyber security companies were broadly higher in morning trading Wednesday, after Bloomberg reported that Symantec Corp. was in talks to be acquired by Broadcom Inc. . The ETFMG Prime Cyber Security ETF rose 1.7%, 50 of 54 equity components trading higher. Symantec's stock led the way with a 13.3% surge, with trading volume of 30.1 million shares more than 4-times the full-day average. Among other more-active ETF components, shares of CrowdStrike Holdings Ind. ran up 3.3%, FireEye Inc. rallied 3.2%, Cisco Systems Inc. rose 1.2% and Zscaler Inc. climbed 1.7%. The ETF has now advanced 21.1% year to date, while the S&P 500 has gained 19.3%.