In recent times, ARC Group Worldwide Inc (OTCMKTS:ARCW) has come into significant focus among many investors and that becomes quite clear when one looks into the price action in its stock. The stock continued on its upward curve on Monday and ended the day with gains of 4%.
Trading Data
On Monday, ARCW stock moved up 4.30% at $1.46 with more than 41k shares, compared to its average volume of 5.7k shares. The stock has moved within a range of $1.4100 – 1.5250 after opening trade at $1.41.
Announces Sale of All Assets and Strategic Business Pivot
The company was in focus yesterday once again after it announced that the members of its board have made a proposal for the sale of all of ARC Group Worldwide’s assets and operating businesses. It goes without saying that it was a major announcement from the global advanced manufacturing providing company and it was welcomed by investors as well.
However, that was not all. In addition to that, ARC Group Worldwide also announced that it was making plans to complete the acquisition of the company RM2 International SA. RM2 is an innovative company that is involved in the fast growing Internet of Things or IoT space. At this point in time, RM2 is trying to get into the industries in which hygiene is of the utmost importance. It now remains to be seen if the ARC Group Worldwide stock can manage to continue its momentum and add to its gains.
