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Tuesday, November 5, 2024

StockPence
Analysis: Investors are now bullish on Aytu BioScience (AYTU)

Global Eagle Entertainment skyrockets 150% after bankruptcy to court approval to support business

Shares of Global Eagle Entertainment Inc. (ENT) gained nearly three-fold on Friday morning. The company said it received court approval for “first day” motions to support business operations.

ENT is currently trading at $5.89, up $3.79 or 180.48%, on the Nasdaq.

Global Eagle Entertainment said it has received interim approvals from the U.S. Bankruptcy Court for the District of Delaware for the “First Day” motions related to the company’s voluntary Chapter 11 petitions filed on July 22, 2020.

The approvals will help the company’s day-to-day operations continue without interruption during the court-supervised process.

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Investing involves substantial risk. Neither the Authors, the publisher, nor any of their respective affiliates make any guarantee or other promise as to any results that may be obtained from the articles herein. No reader should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, on any featured company here.

Some of the companies featured here may pay a fee to an affiliate of the publication to broaden awareness of said company.

The principals of the publication may buy or sell shares of the featured companies from time-to-time.

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