MER Telemanagement Stock Soars (Again) Despite Lack of Catalyst Explaining the Move

MER Telemanagement Stock Surge

MER Telemanagement Stock Surge: Whether to get a competitive edge or to merely see an increase in the stock price, companies have long known that they must regularly update investors and the marketplace. Making announcements and then seeing stock price movement is common in the financial industry. Of late, however, some companies have been increasing more than 100% without there being a catalyst to explain the movement. 

Today, this happened to MER Telemanagement Solutions (NASDAQ:MTSL). In fact, it happened last week too. Is this a sign that the company is in it for the long run? 

MER Telemanagement Stock Surge – Again

MER Telemanagement Solutions, which operates in three segments, all of which provide video advertising and solutions to companies around the world, is no stranger to sudden stock surges. Last week, on July 10, the MTSL stock increased more than 145%, ending the day there. This stock surge came on no news. 

And it happened again today, July 16. Earlier, the MER Telemanagement stock was up more than 100%, but, at closing time, the stock ended up nearly 80% (trading at $2.84, up 79.75%). Still, this is an impressive stock surge for a company that has been silent for the last little while. 

Not that silent, though. Sure, the US-based company didn’t make an announcement today, but that doesn’t mean things aren’t in the works. Which, in retrospect, could be precisely why the MER Telemanagement stock has been increasing as much as it has been. 

What’s in the Works, MER?

In June, the TEM global provider disclosed that it had presented to Nasdaq a plan to regain compliance, specifically with its Listing Rule 5550 (b)(1). 

The plan is to slash personnel, and an investor will be putting in $1.5 million in exchange for the issuance of a new class of stocks. 

>> Monro Inc. Growth Strategies are Strengthening Its Footholds

All Good Things

Last week, because of the MER Telemanagement stock surge, MTSL became one of Nasdaq’s biggest gainers; the stock reached this point a few hours into the trading day. 

Today, MER Telemanagement Solutions is one of Yahoo Finance’s trending tickers of the day. 

All good things, all occurring without any catalyst to explain it. 

Investors could benefit from keeping an eye on this stock. Don’t drop everything and invest, but remain vigilant; at the very least, add MER Telemanagement to your watch list. 

The Takeaway

What do you think of the MER Telemanagement stock surge?

Featured Image: DepositPhotos/ albund

About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.