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NSCO - Why Nesco Holdings Stock Just Exploded 46% Higher
Nesco Holdings Inc
Tiny Nesco Holdings (NYSE:NSCO) stock got a lot bigger Thursday morning, after the rental fleet operator (which rents out bucket trucks, cranes, and similar specialized vehicles to electric utilities and other companies that use them for infrastructure repairs) announced what it called a "transformative transaction" involving both a large equity investment and an even larger acquisition.
Shares of Nesco stock were up 46% in 10:40 a.m. EST trading.