COMSovereign Holding Corp (NASDAQ:COMS) ended higher on Tuesday, recovering from the latest sell-off.
On Tuesday, COMS surged 4.83% and end the session at $2.17. Total volume was 523K shares. The stock opened at $2.05 and moved within a wide range of $2.0100 – 2.2450.
COMS Issued News
On Tuesday, the company release news. Here are the key highlights:
COMSovereign Enters 5G Mobile Edge Computing Cloud Market with Acquisition of SAGUNA Network LTD
- COMS announced that it is acquiring SAGUNA Network LTD (“SAGUNA”), the premier Multi-Access Edge Computing (“MEC”) cloud software developer, significantly expanding its software technology offerings powering 5G wireless networks.
- Terms of the transaction include total consideration of $13.1 million consisting exclusively of shares of restricted common stock. The transaction is expected to close within approximately 15 days subject to traditional closing conditions.
- SAGUNA, based in Yokneam, Israel, is the software developer behind the award-winning SAGUNA Edge Cloud which transforms communication networks into powerful cloud-computing infrastructures for applications and services including augmented and virtual reality, IoT, edge analytics, high-definition video, connected cars, autonomous drones and more.
|SHARES OUTSTANDING||56.37 M|
|SHARE FLOAT (%)||31.72 M (56.27%)|
|% HELD BY INSTITUTIONS||3.25|
Recent Stock Performance
|+/- EMA(20)||2.20 (-1.36%)|
|+/- SMA(50)||2.52 (-13.89%)|
|+/- SMA(200)||5.31 (-59.13%)|
|CCI20||-35.6723||Neutral||Chaikin Money Flow||-0.0588||Sell|
|MACD||-0.2212||Sell||Money Flow Index||44.4346||Sell|
|STOCH (14,3)||44.7761||Buy||STOCH RSI||1.0000||OverBought|