Why Is ARB IOT (ARBB) Stock Up 230% Today?

ARB IOT (NASDAQ:ARBB) stock is rocketing higher on Tuesday alongside heavy trading and an update on a shareholder of the Malaysia-based Internet of Things (IoT) company.A filing with the Securities and Exchange Commission (SEC) shows that ARB BERHAD holds a 28.38% stake in ARB IOT. Investors will note that ARB IOT is a subsidiary of ARB BERHAD.ARB BERHAD’s stake in ARB IOT comes from the 7,503,858 shares of ARBB stock that it holds. For the record, the number of outstanding and issued shares of ARBB is sitt ...