Acquisition Announcement Launches Micro Cap To Kick Off The Week

Acquisition Announcement Launches Micro Cap To Kick Off The Week

By: Dylan Sikes – AllPennyStocks.com News

Monday, April 22, 2024

A tech firm based out of Sunnyvale, California is capturing the attention of the trading community after it was announced that the company will be acquired by CoStart Group.

Following the release, traders rushed to snatch up shares of Matterport Inc. (Nasdaq:MTTR), pushing shares of the micro cap up to $4.99/share (+186.78%) at the session high. 

Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space.


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