3:39 PM – Stock gapped down this morning after Morgan Stanley downgraded TASK to Equal-Weight and cut its price target to $16.50 ahead of this week’s special shareholder meeting on the $16.50 take-private proposal.

There’s notable opposition: proxy adviser ISS recommends voting AGAINST the deal, and investors including Think Investments say the offer undervalues the company (Think pegs fair value near $25).

If a majority of the votes cast by Public Stockholders vote no, the merger cannot close. The buyer group could return with a revised bid before the Outside Date of Dec 8, 2025, or TaskUs could remain standalone and/or consider other strategic options.

I sold 1/3 of my 1/3 position in TASK. A full position for me is $30,000, so I initially bought $10,000 on 9/4; today’s trim is 1/3 of that (~$3,333)—i.e., 1/9 of a full position.

While there’s ongoing deal speculation around the $16.50 take-private proposal, strictly on the chart it’s possible price re-tests the 50-DMA (~$17.20).

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.

 

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James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

Since the late 1990s, he has been analyzing growth stocks and providing investor-focused research rooted in time-tested technical strategies. Over the years, James developed a strong ability to quickly and accurately identify high-ranked trading candidates using this proven approach.

He has worked with a wide range of investors — from professional money managers to individual traders — helping them apply this disciplined system in real-world markets.

James has delivered weekly market commentary as part of the “Your Money Matters” radio program, broadcast on both ABC and CBS radio networks, and for a time was a daily guest on the Investor’s Edge radio program.

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