Why Taoping's Stock is Trading Higher Today
Taoping's Stock Price And Volume Action
Taoping (NASDAQ:TAOP) is currently up 6.95% to a price of $13.09. The stock's current volume for the day is 324.37 thousand, which is approximately 6.93% of its previous 30-day average volume of 4.68 million.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Taoping shares are trading higher after the company announced it will acquire Taoping New Media for $15 million.
Further Analysis of Recent Price Action
The moving average price of the stock over the past 50 days was $6.21 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $16.86 and as low as $0.31.
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.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.