What's Going On With LuxUrban Hotels (LUXH) Shares?

Zinger Key Points
  • LuxUrban Hotels shares are trading lower by 10.6% during Tuesday’s session.
  • The company announced that its Board of Directors has formed a Special Committee of independent directors to explore strategic initiatives.

LuxUrban Hotels Inc LUXH shares are trading lower by 10.6% to $0.28 during Tuesday's session, pulling back following earlier strength. The company announced that its Board of Directors has formed a Special Committee of independent directors to explore strategic initiatives aimed at maximizing shareholder value

The committee will evaluate various strategic transactions, including equity and debt financing, sales, mergers, acquisitions or other alternatives. No specific timeline has been set, and the company is not currently engaged in any transaction or has hired advisors for the committee’s work. 

Leonard Toboroff will chair the Special Committee. The company will only disclose updates if necessary or required by law. Elan Blutinger, Chairman of the Board, expressed confidence in the company’s innovative model and the committee’s alignment with shareholder interests. 

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How To Buy LUXH Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in LuxUrban Hotels' case, it is in the Real Estate sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, LUXH has a 52-week high of $6.88 and a 52-week low of $0.24.

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