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Benzinga
Benzinga
Business
Mohd Haider

Grove Collaborative Surges 21% After-Hours After Investor Pushes For Company Sale

Grove
Small,Shopping,Cart,On,A,Laptop,Keyboard,Signifies,Convenience,In

Grove Collaborative Holdings Inc. (NASDAQ:GROV) experienced a surge of 21.37% in after-hours trading on Tuesday, following HumanCo Investments’ suggestion for the company to consider a sale.

What Happened: After an investor from HumanCo Investments, an investment management firm specialised in health and wellness, sent a letter to the Grove Collaborative’s board, urging them to consider a sale, the stock of the environmentally friendly everyday essentials company saw a 21.37% increase in value in after-hours trading, reaching $1.42.

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