TGLS - Strength Seen in Tecnoglass: Can Its 21.6% Jump Turn into More Strength? | Benzinga
Tecnoglass (NYSE: TGLS) shares ended the last trading session 21.6% higher at $49.89. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 23.7% loss over the past four weeks.
Tecnoglass stock rally comes after the company revealed its intention to undertake a strategic review of alternatives for its business. It plans to hire outside financial and legal advisors for the job. The company did not suggest a specific timeline for the completion of the review process. It expects this action will be in the company's best ...