Mingteng Stock Jumps 81% After Halting $100M Share Sale Plan
Mingteng International Corporation Inc. soared 81.3% Monday. The China automotive mold supplier announced after the jump that it ended its at-the-market share sale program, pulling in about $20.6 million in gross proceeds. An at-the-market, or ATM, program gives companies a way to sell stock gradually instead of all at once.