First NBC Bank Holding Company (NASDAQ: FNBC)
First NBC Bank was off to a normal start to the trading session today. Sure, the stock was in the green all day, but the gains weren’t anything special. However, minutes ago, that changed as the stock started reaching for the stars. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to FNBC ahead.
What We’re Seeing From FNBC
As mentioned above, First NBC Bank was off to a relatively normal day in the market. The stock stayed in the green all morning, however the movement that we saw was nothing surprising. Nonetheless, that all changed minutes ago as the stock started to soar. At the moment (1:05), FNBC is trading at $7.02 per share after a gain of $0.72 per share (11.51%) thus far today.
Why The Stock Is Climbing
As normal, as soon as we saw that FNBC was making a run for the top, the CNA Finance team went to work to see exactly what was causing the movement. It didn’t take long to uncover the reason the stock is spiking.
Minutes ago, Deal Report released a report on First NBC Bank. According to the report, the company is currently in talks with two potential acquirers. However, it’s important to remember that these are just talks at the moment; the report hasn’t yet been confirmed.
What We’ll Be Watching For Ahead
First and foremost, we’ll be keeping our eyes peeled for a potential acquisition. After all, if FNBC is actually acquired, the move could return incredible value to shareholders, leading to big gains. Nonetheless, we’ll be keeping a close eye on the news and we will update you as it breaks!
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