Equities

SAP shares jump after Reuters exclusive with co-CEO

SAP shares jump after Reuters exclusive with co-CEO

SAP shares soared 13 percent on Nov. 24 after an exclusive Reuters story on co-CEO Leo Apotheker saying that business has not worsened since October. The comment at a panel discussion in New York — which was not reported by Dow Jones and Bloomberg —marked a sharp contrast to Apotheker’s previous downbeat assessment. The stock outperformed all key indices on Monday. SAP was the top gainer in the E300 Technology Index.