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