Mer Telemanagement stock rockets on heavy volume after merger with sports betting company

Dow Jones2021-04-16

MW Mer Telemanagement stock rockets on heavy volume after merger with sports betting company

Shares of Mer Telemanagement Solutions Ltd. $(MTSL)$ shot up 62.4% on very heavy volume in morning trading Friday, to pace all gainers on major U.S. exchanges, after the Israel-based telecom expense management company agreed to be acquired by sports betting company SharpLink Inc. Trading volume spiked to 46.2 million shares, compared with the full-day average over the past 30 days of about 343,900 shares, to make the stock the second-most active on major U.S. exchanges. The stock's rally, which puts it on track for the highest close since August 2015, has pushed Mer's market valuation up to $24.1 million. Following the closing of the merger, SharpLink shareholders will own 86% of the combined company. "Following the merger, our company will be on the leading edge of a potentially massive sports betting market in the U.S. and globally," said Mer Chief Executive Roy Hess. "By providing proprietary advanced conversion and engagement solutions for the sports betting industry, we expect SharpLink's services will be needed by many companies looking to capitalize on this opportunity." Mer's stock has tripled (up 200.7%) year to date, while the S&P 500 has gained 11.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

April 16, 2021 10:06 ET (14:06 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JJ CHUA
2021-04-17
JJ CHUA
to the moon!
JJ CHUA
2021-04-17
JJ CHUA
good!

Leave a comment

2

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2127285389?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-16 22:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2127285389","market":"us","top_or_hot":-1,"title":"Mer Telemanagement stock rockets on heavy volume after merger with sports betting company","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Mer Telemanagement stock rockets on heavy volume after merger with sports betting company\n</p>\n<p>\n  Shares of Mer Telemanagement Solutions Ltd. <a href=\"https://laohu8.com/S/MTSL\">$(MTSL)$</a> shot up 62.4% on very heavy volume in morning trading Friday, to pace all gainers on major U.S. exchanges, after the Israel-based telecom expense management company agreed to be acquired by sports betting company SharpLink Inc. Trading volume spiked to 46.2 million shares, compared with the full-day average over the past 30 days of about 343,900 shares, to make the stock the second-most active on major U.S. exchanges. The stock's rally, which puts it on track for the highest close since August 2015, has pushed Mer's market valuation up to $24.1 million. Following the closing of the merger, SharpLink shareholders will own 86% of the combined company. \"Following the merger, our company will be on the leading edge of a potentially massive sports betting market in the U.S. and globally,\" said Mer Chief Executive Roy Hess. \"By providing proprietary advanced conversion and engagement solutions for the sports betting industry, we expect SharpLink's services will be needed by many companies looking to capitalize on this opportunity.\" Mer's stock has tripled (up 200.7%) year to date, while the S&amp;P 500  has gained 11.2%. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 16, 2021 10:06 ET (14:06 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mer Telemanagement stock rockets on heavy volume after merger with sports betting company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMer Telemanagement stock rockets on heavy volume after merger with sports betting company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 22:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW Mer Telemanagement stock rockets on heavy volume after merger with sports betting company\n\n\n  Shares of Mer Telemanagement Solutions Ltd. $(MTSL)$ shot up 62.4% on very heavy volume in morning ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2127285389","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2127285389","pubTimestamp":1618581960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Mer Telemanagement stock rockets on heavy volume after merger with sports betting company\n\n\n  Sha","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Mer Telemanagement在与体育博彩公司合并后大量出售火箭股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTSL":0.9},"content_text":"MW Mer Telemanagement stock rockets on heavy volume after merger with sports betting company\n\n\n  Shares of Mer Telemanagement Solutions Ltd. $(MTSL)$ shot up 62.4% on very heavy volume in morning trading Friday, to pace all gainers on major U.S. exchanges, after the Israel-based telecom expense management company agreed to be acquired by sports betting company SharpLink Inc. Trading volume spiked to 46.2 million shares, compared with the full-day average over the past 30 days of about 343,900 shares, to make the stock the second-most active on major U.S. exchanges. The stock's rally, which puts it on track for the highest close since August 2015, has pushed Mer's market valuation up to $24.1 million. Following the closing of the merger, SharpLink shareholders will own 86% of the combined company. \"Following the merger, our company will be on the leading edge of a potentially massive sports betting market in the U.S. and globally,\" said Mer Chief Executive Roy Hess. \"By providing proprietary advanced conversion and engagement solutions for the sports betting industry, we expect SharpLink's services will be needed by many companies looking to capitalize on this opportunity.\" Mer's stock has tripled (up 200.7%) year to date, while the S&P 500  has gained 11.2%. \n\n\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 16, 2021 10:06 ET (14:06 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":370276733,"gmtCreate":1618592060222,"gmtModify":1704713249229,"author":{"id":"3581593020719976","authorId":"3581593020719976","name":"JJ CHUA","avatar":"https://static.tigerbbs.com/9d6775270af4cb3b642fce5d45d98801","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581593020719976","authorIdStr":"3581593020719976"},"htmlText":"to the moon!","listText":"to the moon!","text":"to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370276733","repostId":2127285389,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370276187,"gmtCreate":1618591958749,"gmtModify":1704713247935,"author":{"id":"3581593020719976","authorId":"3581593020719976","name":"JJ CHUA","avatar":"https://static.tigerbbs.com/9d6775270af4cb3b642fce5d45d98801","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581593020719976","authorIdStr":"3581593020719976"},"htmlText":"good!","listText":"good!","text":"good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370276187","repostId":2127285389,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2127285389"}