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Strength Seen in Bally's (BALY): Can Its 25.1% Jump Turn into More Strength?
BALYBally's (BALY) ZACKS·2024-07-26 16:01

Bally's Corporation (BALY) shares soared 25.1% in the last trading session to close at 16.91.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s15.716.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.7% gain over the past four weeks.Bally’s Corporation shares surged on the news of its merger agreement with Standard General L.P., valued at approximately 4.6 billion. The agreement involves combining Bally’s with The Queen Casino & Entertainment Inc., a regional casino operator. The c ...