American Virtual Cloud Technologies [AVCT] - Last Close: $0.1360
American Virtual Cloud Technologies is still carrying its momentum from Friday.
Last week, the cloud communications firm announced a shake up to its board and the launch of a review to explore the potential sale of the business or selected assets.
AVCT broke out on the news in the premarket, but it gave up its gains by the time the session closed. The stock ended the day with a 11.8% loss.
However, investors are coming back to AVCT in today's premarket. The stock is trading actively, and it's rallying to recapture some of its Friday gains.
AVCT is trading actively with an 18.4% gain ahead of today's opening bell.
My Take: This could be a buyout play, but nothing has been confirmed yet. However, it could be a great opportunity to "buy the rumor" and get into position early, so you can maximize your gains in the event of a deal.
Hill International [HIL] - Last Close: $2.80
Hill International is moving higher on news of a sweetened buyout bid.
Global Infrastructure Solutions announced on Saturday that it would increase its acquisition bid for the construction management company to $3.40 per share from the $2.85 per share bid announced on Aug. 16rh.
The companies said other terms of the all-cash deal will remain the same, and there's no financing contingency.
However, the transaction will now be subject to the approval of Hill Intl.'s shareholders.
If all goes according to plan, the sale should close in Q4.
HIL is one of today's top premarket performers with a 20.7% gain on the news.
My Take: Shareholders lucked out with a significant bump on the acquisition price for HIL, but it's hard to imagine there being much upside left in this trade. The stock is currently trading for just two cents below the buy-out bid. It's just about over for this rally.
