Yunhong CTI Ltd (CTIB) came up with a massive spike in volume as 154 million shares were traded. The stock prices of Yunhong CTI rose by a percentage of (24.05). CTIB is one of the leading maker and marketer of customized printed films and foil balloons. Apparently, there came no news or a press release in this regard.
What Made this Arise?
So, what exactly made this happen today? Apparently, the share price rose with plenty of discussion about the CTI Ltd. stock on social media. The credit also comes on day traders’ part for their speculation of price gain which further set it forth.
Additionally, in the last week of Jan 2021 the company entered into an agreement with LF International Pte. In this particular stock purchase agreement, the investor made a strategic investment of 1.5 million in Yunhong CTI. This trade-off was made against 170,000 shares of the company. This equity investment was viewed positively and brought a positive impact on the stock price.
What perspective to look up?
The company is pursuing its growth lines and seeing positive results over time, though fluctuations are part of the stocks but the company has manufacturing capabilities with the focus on profits and growth oriented product lines. Further, in pursuant of the stock trade-off agreement, the preferred stocks is to pay an annual dividend of 8%, which may either be paid in cash or in the share of common stocks. The affect is being carried forward which creates an optimistic view toward the company.