Alset $2 Bid Sends HWH International (HWH) Stock Higher as Nasdaq Listing at Stake
HWH International Inc. jumped before the open on Wednesday after new SEC filings showed Alset Inc., HWH's majority owner, bought more shares at $2.00 each and HWH tweaked its bigger financing so it depends on getting more time from Nasdaq. The stock changed hands at $2.25 in pre-market trade at 6:57 a.m. EDT, up 83.67% from Tuesday's $1.225 close. Investors looked at it as more than a normal insider buy, seeing the move as a possible balance sheet boost. HWH shares saw a sharp rally in after-hours trade. According to Benzinga, HWH spiked 138.36% to $2.92 late Tuesday after fresh SEC filings showed Alset’s affiliate buying in and lifting its stake. Regular hours saw much less action, with HWH ending June 9 up 4.70% at $1.225.
