Site icon Market Globalist

The JCS Stock Rose By 14%. Why Did That Happen?

Shares of the IoT intelligent edge products and services company, Communications Systems Inc. (NASDAQ: JCS) rose 14.46% on Thursday, an increase equivalent to $0.85. During the trading session, the lowest point of the Communications Systems stock was $6.50, while the highest point reached during the day was $6.88. According to the data presented by Barchart, JCS stock closed at $5.88, while 0.26 million shares were traded during the previous session. As a result of entering into a definitive stock purchase agreement, JCS stock price has surged.

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

What was the agreement for?

Communication Systems offers products and services built on the Internet of Things. JCS has recently announced that it intends to merge with Pineapple Energy. Through the Pineapple merger, JCS will be positioned for organic growth in addition to acquiring and growing leading solar, energy storage, and energy services companies around the country. Through the grassroots growth of solar electricity paired with battery storage on consumers’ homes, JCS hopes to power the energy transition.

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


    Read More

A definitive securities purchase agreement was reached Thursday between Communications Systems and Lantronix, Inc.

What else?

In order to sell these businesses, the shareholders of Communications Systems (JCS) must approve the sale and the closing is subject to customary conditions. The transaction is expected to close in June 2021, assuming JCS shareholders approve the transaction. Net2Edge and Transition Networks constitute most of the assets of JCS’ Electronics & Software segment, which has generated revenue of $34.5 million in 2020.

Get The Best Stocks To Trade Every Day!

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

Exit mobile version