logo
Plus   Neg
Share
Email

Globecomm Systems (GCOM) Is Up Sharply After Strategic Alternative Announcement

Globecomm Systems Inc. (GCOM) announced after the bell Monday that it has retained Needham & Co. to act as its financial advisor to review potential strategic alternatives to enhance shareholder value.

Globecomm Systems gapped open higher Tuesday and is now up 1.00 at $12.61 in early trade. The stock has broken out of a month and a half long range and has set a 4-month high.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Follow RTT