ILUS International Inc (OTCMKTS:ILUS) Stock Jumped 20% Last Week: Here is Why

There were many stocks which managed to deliver strong performers last week and one of those was the ILUS International Inc (OTCMKTS:ILUS) stock. The company, which is involved in mergers and acquisitions in the technology space, saw its stock clock gains of as much as 20% last week.

In light of such gains last week, it is quite likely that the stock is going to come into focus this week as well. In this situation, it might be a good idea for investors to perhaps take a look at some of the recent events related to ILUS.

The company has managed to close as many as three acquisitions already and in addition to that, it signed two more letters of intent in relation to the acquisition of two American companies. More importantly, ILUS is also currently locked in negotiations with five more companies with regards to acquisition deals.

Hence, it is not really a surprise that investors have taken notice of the stock and sent it soaring last week. It should also be noted that the company is also involved in the development, manufacturing and selling of an electric utility vehicle named E-Raptor. That is another important factor that investors ought to keep in mind.