Olo Inc. Shares Soar 0.10% Amid Merger Developments

Olo Inc. (OLO) shares rose to their highest level since August 2022 today, with an intraday gain of 0.10%.

The strategy of buying OLO shares after they reach a recent high and selling them one week later delivered moderate returns but came with significant volatility and risk. The strategy’s CAGR was 9.27%, trailing the benchmark by 100.00%. With a maximum drawdown of 0.00% and a Sharpe ratio of 0.19, the strategy indicated a risk-averse approach, but the 47.74% volatility highlighted the significant price swings experienced.

Olo Inc.'s stock price has been significantly influenced by the ongoing developments related to its merger with Thoma Bravo. On July 3, 2025, Olo announced a definitive agreement to be acquired by Thoma Bravo for $10.25 per share in an all-cash transaction. This deal values Olo at approximately $2 billion, representing a 65% premium over its unaffected share price of $6.20 as of April 30, 2025. The merger has sparked various legal investigations, including BFA Law's probe into potential breaches of fiduciary duty by Olo's board and executive officers. These legal and corporate actions have been shaping investor sentiment and, consequently, the stock price.