DDC Enterprise Limited (AMEX:DDC) shares are racing higher Wednesday after the company announced it has acquired the Asian food brand, Omsom.
The Details:
The acquisition consists of a combination of DDC’s cash and stock paid out over four years and is expected to accelerate new product innovation as well as streamlined processes and improved financial metrics.
DDC shares are moving on heavy trading volume Wednesday following the announcement. According to data from Benzinga Pro, more than 49 million shares have been traded in the session, compared to the stock’s 100-day average of less than 29,000 shares.
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How To Buy DDC Stock:
By now you're likely curious about how to participate in the market for DDC Enterprise – be it to purchase shares, or even attempt to bet against the company.
DDC Price Action: According to Benzinga Pro, DDC Enterprise shares are up 339% at $2.27 at the time of publication Wednesday.
Image: Gerd Altmann from Pixabay
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