What We’re Seeing From The Stock
As investors, one of the first things that we learn is that the news moves the market. In this particular case, the news released by HTM was overwhelmingly positive. After all, not only is an acquisition happening, it’s happening at a strong premium. As a result, we’re seeing strong gains in the value of the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:59), HTM is trading at $5.39 per share after a gain of $1.17 per share or 27.73% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on HTM. In particular, we’re interested in following the story surrounding the acquisition. While the transaction has been approved by both Boards of Directors, it is still subject to customary closing conditions and regulatory approval. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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