Home Top Movers Why AVCT Stock Is Rising Today In Premarket Session?

Why AVCT Stock Is Rising Today In Premarket Session?

In premarket session today, American Virtual Cloud Technologies Inc (AVCT) shares were up 35.11% to trade at $7.85. AVC Technologies stock lost -3.81% to close Wednesday’s session at $5.81. AVCT stock volume remains at 0.22 million shares. This was above the average daily volume of 47638.0 shares over the past 50 days. The sudden spike in AVCT stock follows the announcement of a purchase offer.

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

What is included in the acquisition deal?

The American Virtual Cloud Technologies team brings comprehensive and innovative UC as a service, Cybersecurity, and virtualization solutions to businesses of all sizes, including 350+ managed service customers. As single-source provider of managed cloud services, hardware, and software, AVCT aims to offer reliable and secure services, hardware, and software to its users.


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

An unsolicited proposal has been received by AVC Technologies for the acquisition of all of its outstanding shares of common stock for around $9.00 per share, subject to certain conditions, announced the AVCT, in a press release today.

Consequently, the Board of Directors announced it will begin exploratory work to evaluate a range of potential strategic options for the AVCT. A decision regarding the unsolicited proposal or timetable for the process has not been made by the AVCT Board of Directors at this time.

An unsolicited proposal, including exploration of strategic alternatives by the AVCT, does not guarantee a change in strategy, any discussion regarding a transaction, a transaction being implemented or consummated, or the terms, structure, or timing of a transaction if pursued.

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

How will the AVCT continue?

No further public comments about these matters are expected by AVC Technologies (AVCT) until and unless the Board has approved a specific transaction or alternative, or has completed its review of strategic alternatives. BOD of AVCT also intends to contact a financial advisor shortly for this purpose and the unsolicited acquisition proposal.

Get The Best Stocks To Trade Every Day!

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

Must Read

Onesmart International Education Group Ltd. (ONE) stock surges during current market. What’s driving it high?

Onesmart International Education Group Ltd. (NASDAQ: ONE) stock gains by 111.86% in the current market trading session. OneSmart International Education is a major Chinese...

LivePerson Inc. (LPSN) stock plunge during pre-market. What’s driving it low?

LivePerson Inc. (NASDAQ: LPSN) stock gained by 0.86% at last close whereas the LPSN stock declines by 9.39% in the pre-market trading session. Through...

The Clorox Company Ltd. (CLX) stock decline during pre-market. Here’s the recent update

The Clorox Company Ltd. (NASDAQ: CLX) stock gained by 0.17% at last close whereas the CLX stock price fell by 11.59% in the pre-market....

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...

Why did Etsy Inc. (ETSY) shares decline in the after-markets on Wednesday?

Etsy Inc. (ETSY) shares declined 13.81% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $174.20 per share. In the...

Here is why MicroVision Inc. (MVIS) stock surged in the after-hours on Wednesday?

MicroVision Inc. (MVIS) shares surged 14.98% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $14.05 per share. In the...

Onesmart International Education Group Ltd. (ONE) stock surges during current market. What’s driving it high?

Onesmart International Education Group Ltd. (NASDAQ: ONE) stock gains by 111.86% in the current market trading session. OneSmart International Education is a major Chinese...

Related News

Why did Scopus BioPharma Inc. (SCPS) stock couldn’t keep its positivity in the after-hours on Wednesday?

Scopus BioPharma Inc. (SCPS) shares plunged 8.40% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $5.56 per share. earlier...

Why did Etsy Inc. (ETSY) shares decline in the after-markets on Wednesday?

Etsy Inc. (ETSY) shares declined 13.81% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $174.20 per share. In the...

Here is why MicroVision Inc. (MVIS) stock surged in the after-hours on Wednesday?

MicroVision Inc. (MVIS) shares surged 14.98% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $14.05 per share. In the...

Here is why Activision Blizzard Inc. (ATVI) stock turnaround in the after-hours on Tuesday?

Activision Blizzard Inc. (ATVI) shares gained 6.10% in after-hours on Tuesday, August 03, 2021, and closed the daily trading at $84.70 per share. Earlier...

Lixte Biotechnology Holdings Inc. (LIXT) stock surge during current market. Here’s the recent news

Lixte Biotechnology Holdings Inc. (NASDAQ: LIXT) stock gains by 32.32% in the current market trading session. Lixte Biotechnology Holdings is a clinical-stage pharmaceutical business...

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