Morning Watch: Momo Inc. (MOMO), Ambarella (AMBA), Twitter (TWTR), Axovant Sciences (AXON)
June 23, 2015 at 09:52 AM EDT
Shares of Momo Inc. (MOMO) surged $1.65, or 10.77%, to $17.26 after the company Tuesday morning announced that it has received a ‘going private’ proposal from a buyer group including Co-Founder, Chairman and CEO for $18.90/share in cash per ADS. The offer represents a premium of 20.5% to the closing trading price of MOMO on […] View the full post at: Morning Watch: Momo Inc. (MOMO), Ambarella (AMBA), Twitter (TWTR), Axovant Sciences (AXON) Related posts: Insider Selling: Twitter (TWTR) CEO Unloads $5M Worth of Stock When Momo Stocks Go Bad Some Twitter Thoughts