Cheer Holding (CHR) Stock Skyrockets on Buyout Bids – Inside the AI Innovator’s Rollercoaster Ride
Cheer Holding shares jumped nearly 90% to $0.26 on Nov. 5 after the company said it received two preliminary buyout offers. Trading volume soared to 316 million shares, far above the three-month average. The China-based digital media firm, listed on Nasdaq, had a pre-spike market cap of about $1.5 million. CEO Bing Zhang leads the company, which rebranded as Cheer Holding in 2023.