AirMedia Stock Climbs On “Going Private” Proposal
AirMedia Group Inc. (NASDAQ: AMCN)
AirMedia Group has announced that the Board of Directors received a non-binding proposal letter; propositioning the company to go private. The letter came from Mr. Herman Man Guo, the CEO of the company on behalf of himself and management. The proposal insinuates that the company should purchase all outstanding ordinary shares at a price of $6 per share; representing a 70.5% premium when compared to the closing price of AMCN on June 18th, 2015. As a result, the stock is climbing, currently (12:50) trading at $5.06 per share after a gain of 43.75% so far today. If this proposal is approved, stockholders are bound to be happy. So, now may be the time to get in before this happens.
Martha Stewart Living Omnimedia Is Up On Merger Talks
Martha Stewart Living Omnimedia, Inc. (NYSE: MSO)
Martha Stewart Living Omnimedia shares are up today following reports that the global lifestyle company is nearing an acquisition deal. The talks are surrounding the idea that Sequential Brands Group Inc (NASDAQ: SQBG) will be acquiring Martha Stewart Living Omnimedia. Currently, the companies are in talks of the acquisition. However, according to the Wall Street Journal, a merger could be announced in the coming days. As a result, MSO stock is up today; currently (12:57) trading at $6.93 per share after a gain of 7.28% so far today. As we know, acquisitions tend to lead to massive gains in the market. So, now may be the time to get in before the merger is actually announced.
Zillow Group Stock Is Climbing On High Volume
Zillow Group Inc (NASDAQ: Z)
Zillow Group stock is trading up nicely today; currently (1:02) trading at $90.56 per share after a gain of 4.12%. After looking into the stock, it’s easy to see the reason for the gains. The stock is currently trading on incredibly high volume. Over the past 50 days, the average daily volume on Z has been 1,888,116. However, today Zillow Group shares have traded hands 1,523,397 so far; and that number is climbing quickly. The strong volume today insinuates a great investor sentiment surrounding the stock, which is likely to lead to long term gains. So, keep a close eye out for pull-backs as this one is likely to lead to great opportunities.
Do You Know Of Any Others?
Are you watching any other service stocks that you’re expecting to gain in the long run? If so, let us know in the comments below!