In the most recent extended trading session, GTT Communications Inc. (GTT) stock fell -5.28% to $2.33. GTT closed the previous trading session at $2.46, up 20.00% or $0.41. The price of GTT stock ranged between $2.04 and $2.99.
There were 25.95 million shares of GTT stock exchanged, higher than the company’s 50-day daily volume of 5.83 million shares and more than the Year-to-date number of 5.06 million shares. Though GTT’s stock was not affected by any significant news today, the company’s bankruptcy filing did weigh on its stock.
Recent developments at GTT:
GTT connects people in every organization and in every country to cloud-based solutions. Founded on the core values of simplicity, speed, and agility, GTT provides outstanding services to its clients. As a global Tier 1 provider of internet services, GTT operates an extensive network of cloud networks for its clients.
In It appears more and more likely that corporate finance textbooks should include a chapter on memes, Bloomberg wrote on Monday.
- US stock market participants do not seem to pay much attention to bankruptcy on the horizon.
- It might sound like a warning about the state of investing in 2021, but reality is much stranger.
- It seems that even explicit dire warnings are not registering.
- Bloomberg reported May 24 that GTT is considering a bankruptcy plan that would wipe out shareholders, which is typical of Chapter 11 cases.
- Since then, however, the company’s stock has appreciated by about 69%.
GTT’s performance:
The GTT stock has retreated -68.66% in the past year, and has dropped -10.87 percent over the last week. GTT stock has lost -36.76% over the last six months and has increased by 17.14% over the last three months. So far this year, GTT shares have lost -31.09%. It appears that the stock price falling in extended trades may be due to the stock consolidating after the regular session when it gained traction.
