|Bid||19.18 x 800|
|Ask||19.78 x 2900|
|Day's Range||19.35 - 20.75|
|52 Week Range||19.34 - 116.09|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Year to date, Unity is down 74%. This raises the likelihood of further interest-rate hikes by the Federal Reserve in the near term. Higher interest rates are bad for stocks that trade at high valuations since it means a lower present value for future profits when estimating the long-term value of a business.
Unity had last month rejected a $17.54 billion all-stock bid from AppLovin that included the condition its $4.4 billion pursuit of Tel Aviv-based ironSource cannot go ahead. AppLovin, whose services compete with ironSource in helping developers grow and monetize their apps, said late on Monday it would not table a higher bid and had pulled its initial offer. Shares of AppLovin and ironSource were down 5% and 4%, respectively, amid broader market weakness after surprisingly strong inflation data.
AppLovin Inc. executives announced Monday that they are giving up an effort to merge with Unity Software Inc.