Paranovus Entertainment Technology (PAVS) Stock Rallies Over 34% After Hours: Here's What Is Going On
Paranovus Entertainment Technology Ltd. shares jumped 34.26% after hours following completion of Heyviva athletic wear acquisition deal.
Paranovus finished buying a company that makes athletic wear, and investors got excited—the stock jumped up a lot after the market closed. When a company buys another business, watch to see if it helps them make more money or if it costs too much.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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