Why Celestica's Stock Is Trading Higher Today

Celestica Inc. CLS shares are trading higher after the company announced entered into a definitive agreement to acquire PCI Limited for $306 million in cash. The company also announced it raised its 2022 revenue outlook.

Celestica is currently up 18.63% to a price of $9.55. Wednesday the stock has been traded at a volume of 919.99 thousand, about 318.93% of its recent 30-day volume average of 288.46 thousand.

The moving average price of the stock over the past 50 days was $8.58 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $9.57 and as low as $5.77.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: M&ANewsBZI-WIIMwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!