Why Collective Growth Shares Jumped Today
Shares of Collective Growth (NASDAQ: CGRO) moved up today after news from Friday that it is merging with a lidar sensor company. After jumping almost 10% Monday morning, the stock has settled to a gain of 2.5% at 11:30 a.m. EST.
The company is merging with Innoviz Technologies in a move that will allow Innoviz to trade on the Nasdaq stock exchange under the new symbol INVZ. The announcement officially confirmed a prior rumor about the combination.
Source Fool.com
