Most stocks jump due to acquisition-related news by giving hope to investors in revenue expansion, market share rise, or additional funds’ flow. Today SilverSun Technologies (NASDAQ: SSNT), provider of transformational business applications and IT services, soars more than 200% on blasting off the daily volume of 22 million shares.
Acquiring Prairie Technology Solutions Group, provider of managed IT services, cybersecurity, and business continuity and disaster recovery services for small and medium-sized businesses, expands SilverSun’s subsidiary, SWK Technologies (leading MSP’s) geographical presence in Chicago and even nearby cities.
SSNT is an already well established and dividend-paying company with a strong reputation in the IT world. Both long and short term traders could consider it as additional investment in their portfolios.
Finance and Entertainment Reporter
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