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

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

Veoneer Inc. (VNE) stock shows massive gains during pre-market. What’s driving it high?

Veoneer Inc. (NASDAQ: VNE) stock decline by 1.82% at the last close whereas the VNE stock price gains by 55.19% in the pre-market trading...

AnPac Bio-Medical Sciences Inc. (ANPC) stock soars during pre-market. Here’s what you should know?

AnPac Bio-Medical Sciences Inc. (NASDAQ: ANPC) stock declined by 4.98% at last close however the ANPC stock price gains by 6.96% in the pre-market...

Endeavour Silver Corp. (EXK) stock surged during pre-market trading. Here’s what you should know?

Endeavour Silver Corp. (NASDAQ: EXK) stock declined by 4.97% at the last close whereas the EXK stock price gains by 3.56% in the pre-market...

Here is why Amneal Pharmaceuticals Inc (AMRX) stock soared on Monday?

Amneal Pharmaceuticals Inc. (AMRX) shares rose 7.18% in after-hours on Monday, July 19, 2021, and closed at $4.63 per share. Earlier in the morning,...

Why Applied DNA Sciences Inc. (APDN) stock had a bad Friday?

Applied DNA Sciences Inc. (APDN) shares fell 5.27% in after-hours on Friday, July 16, 2021, at $5.03 per share. Earlier, APDN's stock lost 2.93%...

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