Central European Media Enterprises Expects To Close Merger With PPF Group N.V. on October 13, 2020

Central European Media Enterprises Ltd. (NASDAQ:CETV) on October 6, 2020 reported that previously announced transaction to be acquired by an affiliate of PPF Group N.V. is anticipated to complete on October 13, 2020 after the clearance from European Commission.

At closing, each share of CME’s Class A Common Stock (other than any such shares owned by CME, PPF Group, or any of their respective direct or indirect wholly-owned subsidiaries) issued and outstanding immediately prior to the effectiveness of the merger will be cancelled and cease to exist automatically, and each such share of Class A Common Stock will be converted into the right to receive $4.58 in cash.

Central European Media Enterprises Ltd. (CETV) share price soared 5.07% with the closing price of $4.55 on Tuesday. Central European Media Enterprises Ltd. stock has an exchanging volume of 5.66 million shares, which is high, contrasted with its 3-months average volume of 424.57K shares. Its market capitalization has now reached to $1.16B.

CETV Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, CETV price has rose by 4.23%. In the course of past three months sees the stock go up around 18.01%, while it has gain 56.53% over the past six months and 0.55% since the start of the year.

CETV Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 135.54 billion.

CETV Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Central European Media Enterprises Ltd. has seen its stock exchanging -0.11% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +23.44% above its three-month low. A more extensive look sees CETV exchanging -9.44% beneath its 52-week high and 153.06% above from its 52-week low price.

CETV Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 3.26%, while it has a month to month instability of 2.46%. The company has an ATR (Average True Range) of 0.12 and a beta factor of 1.34.

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