Ault Alliance shares are trading higher after the company's subsidiary Ault Global Real Estate Equities announced its plan to sell its four newly renovated hotels for $100M.
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance's subsidiary, Ault Global Real Estate Equities, plans to sell its four newly renovated hotels for $100M, causing Ault Alliance shares to trade higher.
September 05, 2023 | 12:47 pm
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POSITIVE IMPACT
Ault Alliance's stock is trading higher due to the planned sale of its subsidiary's assets.
The planned sale of Ault Global Real Estate Equities' assets, a subsidiary of Ault Alliance, is a positive development for the company. This could potentially bring in significant revenue, which is likely causing the increase in Ault Alliance's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100