22.9 C
New York
Saturday, September 25, 2021

American Virtual Cloud Technologies Inc. (AVCT) stock surging in Thursday’s April 8, 2021, pre-market

American Virtual Cloud Technologies Inc. (AVCT) stock has gained 42.86% in Thursday’s pre-market as of this writing. The stock lost 3.81% yesterday and closed at $5.81 per share.AVCT shares have gained 49.74% over the last 12 months, and they have moved up by 4.50% in the past week. Over the past three months, the stock has lost -25.80%, while over the past six months, it has added 40.00%.


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


Let’s try to figure out the reason behind its turnaround.

Proposal to acquire all shares of common stock

On April 07, 2021, American Virtual Cloud Technologies, Inc. received an unsolicited non-binding proposal to acquire all of the issued and outstanding shares of common stock of the Company for a price of approximately $9.00 per share.

New chief growth officer appointment

On April 6, 2021, AVCT appointed Dr. Louis J. Hutchinson as the new chief growth officer. Hutchinson will be leading the global sales, marketing, and corporate communications strategy for the company.

On his appointment, Hutchinson said that he feels honoured to join the AVCT team and to lead the company through the next stage of intentional and sustainable growth.

Recognition from AT&T

On March 23, 2021, American Virtual Cloud Technologies announced said that it has won the 2020 Growth Partner of the Year by AT&T Cybersecurity.

This award is given to those companies who grew their business exceptionally in managed security service providers (MSSPs) and managed detection and response providers (MDRs)categories.

Recognition froma business journal

AVCT received another recognition on March 9, 2021, from Houston Business Journal when it was recognized as the largest cybersecurity company in the Houston area for the second year in a row.

AVCT Strategic Partnerships with Orion Innovation & Ribbon Communications 

On March 8, 2021, American Virtual Cloud Technologies announced that it has entered into a strategic multi-year agreement with Ribbon Communications and Orion Innovation.

According to the partnership agreement, Orion will establish a new location in Istanbul and adds 400+ R&D engineers to expands its Digital Product Development centres.

Conclusion

There is no news except the recent proposal about its common stock which is the main reason behind its pre-market surging on Thursday.

Get The Best Stocks To Trade Every Day!

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

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Get The Best Stocks To Trade Every Day!

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

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam

Get The Best Stocks To Trade Every Day!

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

We do not sell or share your information with anyone.