Reliance Global shares are trading higher after the company said it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting it to increase annualized revenue to approximately $28 million.
Portfolio Pulse from Benzinga Newsdesk
Reliance Global shares are trading higher after the company announced that it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting an increase in annualized revenue to approximately $28 million.
June 18, 2024 | 2:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Reliance Global shares are trading higher following the announcement of the expected closure of the Spetner Associates acquisition in H2 2024, which is projected to increase annualized revenue to $28 million.
The announcement of the expected closure of the Spetner Associates acquisition and the projected increase in annualized revenue to $28 million is a positive development for Reliance Global. This news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100