Reliance Global Group's share price rises due to pending acquisition of Spetner Associates, expected to double revenues.
Reliance Global Group shares rise after announcing pending acquisition of Spetner Associates, expected to double revenues to $28M. Insiders have sold 40,421 shares worth $11.9M over the past 90 days, while institutional investors and hedge funds have made recent share purchases. Reliance reported Q4 EPS of $5.30, missing analyst estimates by $0.21, and revenue of $3.64B, also below estimates.
June 18, 2024
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