What's Going On With EBET Stock Today?
Portfolio Pulse from Erica Kollmann
EBET, Inc. (NASDAQ:EBET) shares are surging on heavy trading volume, despite no recent company news. The company announced on July 26 that it is exploring strategic alternatives, including a potential merger, sale, or other transactions. EBET operates a licensed online gambling platform, accepting wagers on esports events and professional sports. The shares are up by over 100% at 8 cents at the time of publication.
August 16, 2023 | 2:54 pm
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EBET shares are surging on heavy trading volume, despite no recent company news. The company is exploring strategic alternatives, which could potentially impact the stock price.
The surge in EBET's stock price is likely due to the heavy trading volume. The company's announcement that it is exploring strategic alternatives, including a potential merger or sale, could also be contributing to the stock's performance. This news is highly relevant to EBET and could be important for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100