Velti Plc (VELT) announced Tuesday morning that it has closed a $27 million, 2-year deal to provide its mobile marketing technology to a major U.S. brand.
Velti gapped open sharply higher Tuesday, but was range-bound throughout the session. The stock closed up by 1.10 at $9.70 on above average volume. Velti has been rising for the past 2 weeks and set a 4-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.