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The stock price of American Virtual Cloud Technologies Inc (NASDAQ: AVCT) increased by over 30% pre-market. This is why it happened.
U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.68%
American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) and Ribbon Communications Inc. (NASDAQ:RBBN) today announced they have entered into a definitive agreement for AVCtechnologies to acquire Kandy
Insider buying decreased last week. Notable Insider Buys: Guess’, Inc., FedEx Corporation, American Virtual Cloud Technologies, Inc., Saratoga Investment Corp., The Charles Schwab Corporation.
American Virtual Cloud Technologies began as a SPAC and recently acquired IT services company Computex.
Mr. Mathy most recently served as President & CEO of Sequential Technology International, a business process outsourcer serving larger enterprises. Prior to that, Mr. Mathy spent twelve years at AT&T
Mr. Passanante joins AVCT from Panasonic Corporation where he was a Vice President of Sales and Channel Operations. In April 2020, AVCT completed a business combination with Stratos Management System

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