The stock of Actua Corp (NASDAQ:ACTA) is a huge mover today! The stock increased 12.93% or $1.5 during the last trading session, hitting $13.1. About 506,923 shares traded hands or 281.93% up from the average. Actua Corp (NASDAQ:ACTA) has risen 25.54% since April 1, 2016 and is uptrending. It has outperformed by 24.33% the S&P500.
The move comes after 8 months positive chart setup for the $515.34M company. It was reported on Nov, 3 by Barchart.com. We have $18.34 PT which if reached, will make NASDAQ:ACTA worth $206.14 million more.
According to Zacks Investment Research, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania.”
More notable recent Actua Corp (NASDAQ:ACTA) news were published by: Streetinsider.com which released: “Actua Corp. (ACTA) Tops Q3 EPS by 7c” on November 03, 2016, also Streetinsider.com with their article: “Actua Corp. (ACTA) Plans $80M Modified ‘Dutch Auction’ Tender Offer for Common …” published on November 03, 2016, Benzinga.com published: “18 Stocks Moving In Thursday’s Pre-Market Session” on November 03, 2016. More interesting news about Actua Corp (NASDAQ:ACTA) were released by: Streetinsider.com and their article: “Actua Corp. (ACTA) to Sell GovDelivery in $150M Deal” published on September 26, 2016 as well as Bizjournals.com‘s news article titled: “ICG Group Inc. gets new name, brand” with publication date: September 03, 2014.
ACTA Company Profile
Actua Corporation, formerly ICG Group, Inc., incorporated on February 2, 1999, is a multi-vertical cloud technology company. The Firm operates through two divisions, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud businesses include Bolt Solutions Inc. (Bolt), Folio Dynamics Holdings Inc. (FolioDynamix), GovDelivery Holdings, Inc. (GovDelivery) and VelocityEHS Holdings, Inc. (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively. The vertical cloud (venture) businesses include InstaMed Holdings, Inc. (InstaMed) and Parchment Inc. (Parchment), which operate a cloud healthcare payments network and an education credentials technology, respectively.
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