Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) shares are trading higher by 270% to $6.91 Tuesday morning after the company announced it has signed definitive agreements to acquire TW & EW Services Inc., a California-based labor and logistics service provider.
What To Know: The company says the deal, expected to close by December 4, will position Cheetah as a stronger player in the supply chain sector, leveraging TW & EW’s expertise to expand service opportunities.
The $1 million acquisition includes a $200,000 cash payment and $800,000 in unregistered Class A common stock, valued at $1.704 per share. Post-acquisition, TW & EW will operate as a wholly owned subsidiary of Cheetah.
Tony Liu, Chairman and CEO, highlighted the strategic benefits, noting the move would streamline operations and enhance customer offerings, ultimately driving value for stakeholders.
How To Buy CTNT Stock
By now you're likely curious about how to participate in the market for Cheetah Net Supply Chain – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Cheetah Net Supply Chain, which is trading at $1.87 as of publishing time, $100 would buy you 53.48 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, CTNT has a 52-week high of $236.16 and a 52-week low of $1.70.
