BUZZ-CCC Intelligent Solutions rises on report of it exploring sale

CCC Intelligent Solutions Holdings Inc
Morgan Stanley

CCC Intelligent Solutions Holdings Inc

CCC

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Morgan Stanley

MS

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** Shares of CCC Intelligent Solutions CCC.O rise 7.8% to $5.80 after the bell following Reuters report on it exploring a sale

** The software firm has hired Morgan Stanley to advise on a sale process and has reached out to prospective buyers, including private equity firms, according to three people familiar with the matter

** CCC and Morgan Stanley did not immediately respond to Reuters' requests for comment

** Up to Thursday's close, CCC stock had lost 32.3% YTD




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