Why Is Brera (BREA) Stock Up 128% Today?

Brera (NASDAQ:BREA) stock is rising higher on Thursday following news of investor Dan McClory acquiring a majority stake in the European football club operator.McClory, the executive chairman of Brera’s Board of Directors, has acquired another 4.55 million shares of BREA stock. That brings the investor’s total holdings in the company to 6.85 million shares.With this latest stock purchase, McClory now holds a 54.5% stake in Brera. In addition to that, he holds securities that give him 83.7% of the company’s ...