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© 2026 Benzinga | All Rights Reserved
May 13, 2024 10:40 AM 2 min read

Why CareCloud Shares Are Soaring

by Erica Kollmann Benzinga Staff Writer
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CCLD Logo
CCLDCareCloud Inc
$2.553.66%
Overview

The Details:

CareCloud said it retained Citizens JMP, prompted by its recent receipt of an unsolicited indication of interest from a third-party to acquire the company. 

The company said it received an offer on March 4, 2024, to acquire the company for $5.00 per share of its common stock and the $25 redemption price per share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock, with no mention of the company's 11% Series A Cumulative Redeemable Perpetual Preferred Stock. 

The board of directors thoroughly evaluated the indication of interest and determined it was in the company’s best interests to decline it in its present form.

Related News: What’s Going On With GameStop Stock: Is Roaring Kitty Active Again?

How To Buy CCLD Stock:

By now you're likely curious about how to participate in the market for CareCloud – be it to purchase shares, or even attempt to bet against the company.

In the the case of CareCloud, which is trading at $2.30 as of publishing time, $100 would buy you 43.48 shares of stock.

CCLD Price Action: According to Benzinga Pro, CareCloud shares are up 69% at $2.14 at the time of publication Monday.

Image: Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Posted In:
NewsPenny StocksMoverswhy it's moving

CareCloud, Inc. (NASDAQ:CCLD) shares are trading higher Monday after the company said it has retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

CCLD Logo
CCLDCareCloud Inc
$2.553.66%
Overview
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