MKDWELLÂ (NASDAQ:MKDW) stock is on the rise Friday after the technology companyâs shares started trading today following a special purpose acquisition company (SPAC) merger.
This saw MKDWELLÂ combine with SPAC Cetus Capital Acquisition Corp. at the end of July 2024. Following that, shares of MKDW stock started trading yesterday on a post-merger basis.
Following the merger, Ming-Chia Huang is leading MKDWELL as its founder, chairman and CEO. Jie Cui is its Chief Financial Officer, and Ming-Chao Huang is its executive chairman of the board of directors.
MKDWELLÂ is a technology company focused on operations in mainland China and Taiwan. The company seeks to develop state-of-the-art research and manufacturing facilities in these areas.
MKDW Stock Movement
Shares of MKDX stock are rising higher on Friday with a 53% gain as of this morning. Thatâs quite the jump, considering the shares only started trading publicly yesterday. It also comes with 14.6 million shares traded as of this writing.
One thing investors will want to be careful about is taking a stake in MKDW stock right now. SPAC merger stocks can sometimes undergo extreme rallies in the days after going public. This could mean it loses its value in the days to come.
Investors will also want to stick around for more of the most recent stock market stories today!
We have all of the hottest stock market news investors need to know about on Friday! That includes everything happening with shares of 23andMe (NASDAQ:ME) stock, Trump Media & Technology Group (NASDAQ:DJT) stock and Spirit Airlines (NYSE:SAVE) layoffs today. You can read up on all of these matters at the following links!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
