Shares of CVD Equipment Corporation (CVV) are climbing about 30 percent on Tuesday morning trading after the company announced a definitive agreement to sell its Stainless Design Concepts business division to Atlas Copco Group for approximately $16.9 million in cash.
The company's shares are currently trading at $4.86 on the Nasdaq, up 30.60 percent. The stock opened at $4.03 and has climbed as high as $5.15 so far in today's session. Over the past year, it has traded in a range of $2.46 to $5.86.
The transaction, scheduled to close in the second quarter of 2026, is expected to allow the company to focus on its core business located in Central Islip, New York, as well as provide additional financial flexibility.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.