Chances of Globecomm (GCOM) Buyout May Be Decreasing -DealReporter
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Price: $14.10 --0%
Rating Summary:
0 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Globecomm (Nasdaq: GCOM) shares have now turned into the red following an earlier DealReporter note which suggested prospects for a takeout of the company may be lessening as the stock price has bounced from near-term lows set in August.
The article indicated that while Globecomm may not be undergoing a formal sale process, a source has said at least one strategic buyer remains at the table.
After trading up as much as 4.4 percent Thursday afternoon, Globecomm shares are now down 0.07 percent to $13.93.
The article indicated that while Globecomm may not be undergoing a formal sale process, a source has said at least one strategic buyer remains at the table.
After trading up as much as 4.4 percent Thursday afternoon, Globecomm shares are now down 0.07 percent to $13.93.
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