Technology

Hot Stock Alert:- Pareteum Corporation (NYSE:TEUM)

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Pareteum Corporation (NYSE:TEUM) traded with change of -19.53% to $2.39 with the total recent volume of 2677750 shares versus to an average volume of 2.04M. The stock was up in the 5 days activity 3.13%. The one month performance of stock was 24.27%. TEUM shares are at 63.19% for the quarter and driving a 258.83% return over the course of the past year and is now at 43.48% since this point in 2018.

Right now TEUM beta is 0.43. The average volatility for the week and month was at 6.77% 5.87% respectively.

Pareteum Corporation (NYSE:TEUM), (“Pareteum” or the “Company”), today reported that it agreed to sell an aggregate of 2,440,000 shares of the Company’s common stock, $0.00001 par value per share (the “Common Stock”). The purchase price per share was $2.50. The shares were offered and are being sold to certain accredited investors in a registered direct offering. The Company expects to receive gross proceeds from the offering of approximately $6.1 million, before deducting placement agent fees, and other related expenses.

The Company intends to use the net proceeds from the offering for general working capital and corporate purposes. The offering is expected to close on or about May 11, 2018, subject to customary closing conditions. Dawson James Securities, Inc. served as placement agent for the offering.

Shares of Pareteum Corporation have been recently spotted trading -33.43% off of the 52-week high price. On the other end, company shares have been noted 377.90% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 0.50 – 3.59. Switching over to some distances from popular moving averages, we see that the stock has been recorded -9.81% away from the 50 day moving average and 41.91% away from the 200 day moving average. Moving closer, we can see that shares have been trading -9.89% off of the 20-day moving average.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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