Highway Holdings Shares Surge 67% On Planned Acquisition Of German Precision Manufacturer

Core Viewpoint - Highway Holdings Limited (HIHO) stock experienced a significant increase of 67.00 percent, rising by $0.56 to reach $1.39 following the announcement of a letter of intent to acquire a controlling stake in German-based Regent-Feinbau Adermann GmbH [1] Group 1 - The stock price rose from a previous close of $0.83 to $1.39 on the New York Stock Exchange [1] - Shares opened at $1.34 and fluctuated within a day's range of $1.23 to $2.21 [1] - Trading volume surged to approximately 142.66 million shares, significantly higher than the average volume of around 15,300 shares [1] Group 2 - Over the past 52 weeks, Highway Holdings has traded between $0.77 and $2.21 [2]