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Why Is It Moving? Looking Into Why Ballantyne Strong, Inc. Common Stock's Stock is Trading Higher Today

February 2, 2021 10:35 am
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The Price And Volume Action In Ballantyne Strong, Inc. Common Stock's Stock Today

Ballantyne Strong, Inc. Common Stock's (AMEX:BTN) stock is trading up 24.23% to a price of $2.44. The stock's volume is currently 1.35 million, which is roughly 1462.41% of its recent 30-day volume average of 92.21 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Ballantyne Strong shares are trading higher after the company announced that it has completed the sale of its wholly-owned subsidiary Convergent Media Systems, for a total enterprise value of approximately $23.2 million.

Further Analysis of Recent Price Action

The stock's 50-day moving average was $1.97 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $3.46 and fallen to a low of $1.26.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

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