A Cable Legend Seeks a Big Acquisition: Should You Invest? [The Motley Fool]
Trine Acquisition Corp. (TRNE)
Company Research
Source: The Motley Fool
A Cable Legend Seeks a Big Acquisition: Should You Invest? Leo Hindery has raised capital with this stock to acquire and run something new. Famed media investor Leo Hindery has had a distinguished career, and he's not done yet. Last year, Hindery launched a special purpose acquisition company ( or SPAC) to buy and operate a business in the media or communications industry. Hindery's SPAC, called Trine Acquisition ( NYSE:TRNE ) , raised $261 million in an initial public offering last March. That cash is now sitting in Trine's bank account to be deployed on a promising acquisition negotiated by Hindery and his team. Whether Trine will be a good investment will come down to what kind of acquisition the management team negotiates for shareholders. Therefore, the most crucial factor for judging Trine's stock today is its management team. And its shareholders appear to be in very capable hands with Hindery and his team. Hindery is the founder of InterMedia Partners, a private equity compan
Show less
Read more
Impact Snapshot
Event Time:
TRNE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRNE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRNE alerts
High impacting Trine Acquisition Corp. news events
Weekly update
A roundup of the hottest topics