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Why National Instruments Is Soaring 17% Higher Today

Why National Instruments Is Soaring 17% Higher Today

Shares of National Instruments (NASDAQ: NATI) are soaring 17.1% at 10:29 a.m. ET after the instrumentation hardware and software products company announced it was undertaking a strategic review of its business, including the possible sale of the company. National Instruments says it has been approached by several parties interested in buying the business. National Instruments' stock has been trading in a fairly narrow range over the past five months as uncertainty about the global economy has kept a check on what otherwise seemed a solid, growing business.