Glory Star New Media Group Holdings Ltd Stock News

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Glory Star New Media (NASDAQ: GSMG ) stock is on the rise Tuesday after the Chinese digital media company announced a $60 million strategic investment. According to a press release, the company is sel

Glory Star New Media is being taken private at $1.55/share. The transaction looks like a done deal with no further major hurdles left.

Glory Star New Media agreed to be taken private at $1.55/sh in cash. Currently, a ~17% arbitrage opportunity exists in GSMG shares despite the high likelihood that the transaction closes by year-end.

Glory Star New Media Group Holdings Limited (GSMG) shares closed 2.4% lower than its previous 52 week low, giving the company a market cap of $89M. The stock is currently down 52.0% year-to-date, down 49.8% over the past 12 months, and down 86.1% over the past five years. This week, the Dow Jones Industrial Average rose 3.9%, and the S&P 500 rose 4.9%. Trading Activity Trading volume this week was 89.8% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

In the latest trading session, 1.87 million Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) shares changed hands as the companys beta touched 0. With the companys most recent per share price at $1.64 changing hands around $0.01 or 0.61% at last look, the market valuation stands at $109.73M. GSMGs current price is a discount, Glory Star New Media Group Holdings Limited (NASDAQ: GSMG): Why Investors Shouldnt Ditch GSMG Stock In 2021 Read More »

BEIJING, Nov. 17, 2021 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that it will launch metaverse experience centers in

BEIJING, Sept. 17, 2021 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce compa

BEIJING, Sept. 13, 2021 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce compa

BEIJING, Sept. 8, 2021 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce compan

BEIJING, Sept. 2, 2021 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce compan

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Glory Star New Media (GSMG) stock is after the Chinese digital media company announced a new stock subscription agreement. The post GSMG Stock: Why Penny Stock Glory Star New Media Is Going Gangbuster

The stock price of Glory Star New Media Group Holdings Ltd (NASDAQ: GSMG) increased by over 50% pre-market. This is why it happened.