The Price And Volume Action In Ballantyne Strong, Inc. Common Stock's Stock Today
Ballantyne Strong, Inc. Common Stock's 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.
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