For long NTN Buzztime (NYSE: NTN) has been struggling to gain major market share in the entertainment. Within 5 years $17.00 stock fell to $1.85 due to fierce competition. Today’s announcement of a merger with Brooklyn ImmunoTherapeutics makes NTN soar more than 160% while NASDAQ rises as tech stocks slowly gain.
S&P 500 is facing a 0.21% negative change because of plunging tech stocks. Furthermore, Dow 30 is losing around 100 points when Cisco and ExxonMobil are declining by 5 and 1 points relatively.
This is not a complete picture of the current market. After the market closes there could be different numbers while business news pop instantly by lifting markets so shorting parties may rest for a while.
Finance and Entertainment Reporter
Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.