AgileThought (NASDAQ:AGIL) stock is climbing higher on Tuesday despite a lack of news from the digital transformation services company.
There are no new press releases or filings with the Securities and Exchange Commission (SEC) that act as a catalyst for today’s rally. On that same note, no analysts are offering new coverage of the stock that would explain today’s rise.
Despite that, shares of AGIL stock are taking off alongside heavy trading today. As of this writing, more than 9 million shares of the company’s stock have changed hands. For the record, that easily surpasses its daily average trading volume of about 4.3 million shares.
What to Know About AGIL Stock
Of course, just because there’s no recent news about AGIL stock doesn’t mean there’s nothing to talk about. That includes the fact that the company filed for Chapter 11 bankruptcy protection a little over a month ago.
At that time, AgileThought announced it would go through a 90-day bankruptcy period in order to enact a restructuring of its business. To go along with that announcement, the company announced a deal that will result in it going private once the restructuring is complete.
Blue Torch is behind this, with it providing $22 million of financing to aid the restructuring plan. It has also agreed to a stalking-horse bid for the company that would see it acquire all of its assets.
AGIL stock is up 15.6% as of Tuesday morning.
There’s even more stock market news that traders will want to read about below!
We’ve got all of the latest stock market stories that investors need to know about on Tuesday! Among that is what’s sending shares of VIQ Solutions (NASDAQ:VQS) stock higher, the biggest pre-market stock movers this morning and more. All of that news is ready to go at the following links!
More Stock Market News for Tuesday
- Why Is VIQ Solutions (VQS) Stock Up 57% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- FingerMotion (FNGR) Stock Pops as Shelf Offering Takes Effect
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risk.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
