Why Allied Esports's Stock is Trading Higher Today

Allied Esports's Stock Price And Volume Action

Allied Esports's (NASDAQ:AESE) stock is trading up 17.72% to a price of $1.86. The stock's current volume for the day is 3.00 million, which is approximately 133.94% of its previous 30-day average volume of 2.24 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Allied Esports Entertainment shares are trading higher after the company announced the sale of World Poker Tour to Element Partners for a total of $78.25 million.

Perspective On Recent Price Action

The stock's 50-day moving average was $1.29 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $5.94 and fallen to a low of $0.4.

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