Baosheng Media Group (BAOS) Stock Is Trending Overnight—Here's Why It Jumped Nearly 125% After Hours
Baosheng Media Group shares surged 125.02% after hours Tuesday as investors reacted to the termination of a $30 million share deal.
Baosheng Media Group's stock price jumped way up after the company canceled a deal to sell $30 million worth of new shares. When a company stops selling new shares, it can make each existing share seem more valuable to investors.
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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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