Brera (NASDAQ:BREA) stock is rocketing higher on Wednesday following several updates from the football club operating company.
First off, traders will note the company issued a press release yesterday highlighting how it gives investors access to the sports community. This includes the advantages of holding a stake in a public football team managing company.
Brera also provided updates on investor stakes in the company after markets closed yesterday. That includes the following people and their stakes in the football club manager.
- Alessandro Aleotti with a 40.7% stake.
- Grant McClory with a 6.4% stake.
- Leonardo Aleotti with a 5.9% stake.
- Niteroi Spa with a 38.7% stake.
Finally, Brera filed a Notice of Effectiveness for a Form F-3 filing after markets closed on Tuesday. This allows for the sale of up to $100 million in shares and warrants for the company’s stock.
BREA Stock Movement on Wednesday
With all of this news comes heavy trading of BREA stock. That has more than 6.3 million shares of the stock changing hands as of this writing. That’s already well above the company’s daily average trading volume of about 165,000 shares.
BREA stock is up 234.3% as of Wednesday morning and was up 55.7% year-to-date when markets closed yesterday.
Investors who are searching for more of the most recent stock market stories are going to want to stick around!
We have all of the hottest stock market news that traders need to know about on Wednesday! That includes a dive into the biggest pre-market stock movers this morning, the latest news concerning shares of Lyft (NASDAQ:LYFT) stock and more. You can find out all about these topics at the links below!
More Wednesday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday
- Lyft Shares Soar 62% Following Strong Q4 Earnings Report
- A Surprise Q4 Profit Takes Robinhood (HOOD) Stock Up 15%
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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.
