Why Cheetah Net Stock Jumped Today: CTNT Deal, Heavy Volume and Dilution Risk
Cheetah Net Supply Chain Service Inc. shares surged on Friday, with volume spiking above 2.09 billion. The Nasdaq-listed logistics and warehousing firm was back on traders’ radar, just days after announcing its acquisition agreement with a Hong Kong industrial-equipment trader. Shares were changing hands at $0.0547, up 2.16 cents from Thursday’s close, after ranging from $0.0339 to $0.064 earlier in the session.