Will avct stock move higher today?

There’s no direct news from the company that would send AVCT stock higher today. Instead, it looks like rumors on Reddit, alongside heavy trading, are behind the stock’s movement today. Over on r/ShortSqueeze, traders are discussing a rumor that the company will be acquired soon.

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Will avct re-split in May?

AVCT first announced the possibility of a reverse split in May, aimed at keeping the stock’s price over the $1/share needed to avoid delisting. In May it said the split might be 1:5, 1:10, or 1:15. It said on Sept. 29 it has chosen 1:15, which would bring the post-split price to about $2.70/share.

What is avct's market capitalization?

That put its market capitalization at just $22 million. AVCTis a cloud communications company that offers proprietary cloud-based communications services. In its latest iteration, AVCT divested its Computex services unitto focus on Kandy, a Unified Communications as a Service (UCaaS) company it acquired in 2020.