Why Collectors Universe Stock Traded Up 18% Today

Howard Smith, The Motley Fool
·2 min read
Why Collectors Universe Stock Traded Up 18% Today

Shares of the collectibles authenticator service Collectors Universe (NASDAQ: CLCT) jumped today after a previous acquisition offer was increased by more than 20%. As of 3:15 p.m. Wednesday, shares traded up 18% to just below the $92-per-share acquisition offer. On Nov. 30, 2020, the company -- which grades and authenticates high-value collectibles including coins, trading cards, and memorabilia -- was presented with a cash buyout offer of $75.25 per share.