Home Top Movers Houston Wire & Cable Co. (HWCC) Stock Is Soaring In Premarket, But...

Houston Wire & Cable Co. (HWCC) Stock Is Soaring In Premarket, But Why?

Houston Wire & Cable Company (NASDAQ: HWCC) stock has been rocketing 40.79% to $5.35 before the start of the regular session today.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Wednesday’s close for HWCC stock was at $3.80. The Houston Wire & Cable stock remained stable with a slight decline of -0.26%. HWCC stock has gained 117.14% over the past year and 3.83% in the past week.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

Moreover, according to yesterday’s closing price, the HWCC was valued at $61.22 million and it had 16.48 million outstanding shares. News of an acquisition deal has been raising the HWCC stock higher in premarket session today.

Acquisition deal in brief:

As an industrial cable manufacturer and distributor Houston Wire & Cable Company is a large supplier of wire, cable, and fastener products in the United States market. Having its headquarters in Houston, Texas, the Company has strategically located sales and distribution centers across the United States.

Complemented by same-day shipping, knowledgeable sales staff, inventory management programs; just in time delivery, logistic support, customized online ordering capabilities, and 24/7/365 service, comprehensive HWCC offerings include a full range of value-added services.

Houston Wire & Cable today announced that it has entered into a definitive agreement to be acquired by Omni Cable, LLC (OmniCable) through an asset purchase agreement.

  • A total of $91 million will be paid by OmniCable for the outstanding common stock of HWCC, priced at $5.30 per share.
  • HWCC’s unaffected March 24 closing price of $3.80 represents a premium of 39% from the offered price.
  • Also, this is a price that is 89% higher than the $2.81 average closing price of the HWCC stock in 12 prior months.
  • Members of HWCC’s Board of Directors unanimously approved the transaction.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

  • Each director and officer of the HWCC has agreed to vote their shares (including those owned by The D3 Family Funds) for the transaction.
  • At the end of March 24, 2021 trading, such shares represent approximately 19% of the shares in circulation.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Related News

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Here is why GreenSky Inc. (GSKY) shares went up on Friday?

GreenSky Inc. (GSKY) shares were jumped 5.63% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $6.94 per share. in...

Here is why OPKO Health Inc. (OPK) stock plunged on Thursday?

OPKO Health Inc. (OPK) shares lost 7.24% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $3.46 per share. in...

Why Electrameccanica Vehicles Corp. (SOLO) stock performed well on Wednesday?

Electrameccanica Vehicles Corp. (SOLO) shares gained 5.71% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $3.70 per share. in...

Encore Wire Corporation Inc. (WIRE) stock surges during current market. Here’s to know why?

Encore Wire Corporation Inc. (NASDAQ: WIRE) stock gained by 11.10% in the current market trading session. Encore Wire Corporation is a prominent manufacturer of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam