MarketWatch
Casa Systems stock rockets after Verizon to take near 10% stake
Shares of Casa Systems Inc. rocketed 49.1% to pace all premarket gainers Monday, after the communications infrastructure company announced that Verizon Communications Inc. will take a 9.9% stake in the company as part of a multi-year purchase contract. Under terms of the contract, Verizon will buy $40 million worth of Casa stock, and Casa will provide its 5G Core Network Functions to Verizon. That will make Verizon the third largest shareholder, according to FactSet data, behind the 12.8% stake
Source: https://finance.yahoo.com/news/why-exela-technologies-stock-trading-115511218.html