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Comtech (CMTL) Soars 15.3%: Is Further Upside Left in the Stock?
CMTLComtech Telecommunications(CMTL) Zacks Investment Research·2024-01-23 12:16

Comtech Telecommunications (CMTL) shares rallied 15.3% in the last trading session to close at 7.76.Thismovecanbeattributabletonotablevolumewithahighernumberofsharesbeingtradedthaninatypicalsession.Thiscomparestothestock′s18.67.76. 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 18.6% loss over the past four weeks.The uptrend in share prices is largely attributable to the fresh capital infusion in the company. Comtech recently secured a 45 million investment from its existing shareholders – White Hat Capital Partners LP and Magnetar.Th ...