Civeo (CVEO) Soars 7.5%: Is Further Upside Left in the Stock?

Civeo (CVEO) shares rallied 7.5% in the last trading session to close at $26.90. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.6% gain over the past four weeks.Shares of Civeo surged following the announcement of a definitive asset purchase agreement with a private seller. The deal includes the acquisition of four villages in Australia’s Bowen Basin, adding 1,340 rooms along with long-term customer contra ...