Why Shimmick Corp Shares Are Up Today (CORRECTED)
Portfolio Pulse from Erica Kollmann
Shimmick Corporation (NASDAQ:SHIM) shares surged 349.3% after announcing a $27.6 million subcontract for electrical work on the Sunol Valley Water Treatment Plant Ozonation project. The project aims to improve water quality for Bay Area residents. The announcement led to heavy trading volume, with over 10 million shares traded.
July 17, 2024 | 4:08 pm
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Shimmick Corporation shares surged 349.3% after announcing a $27.6 million subcontract for electrical work on the Sunol Valley Water Treatment Plant Ozonation project. The project aims to improve water quality for Bay Area residents. The announcement led to heavy trading volume, with over 10 million shares traded.
The announcement of a significant subcontract for a critical infrastructure project has led to a substantial increase in Shimmick's stock price. The heavy trading volume indicates strong investor interest and confidence in the company's future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100