Why Is DDC Enterprise (DDC) Stock Up 300% Today?
DDC(DDC) Investor Place·2024-06-13 03:10
Packaged foods company DDC Enterprise (NYSEMKT:DDC) soared more than 300% earlier on Wednesday before slightly paring back some of the gains this afternoon. Better known by its brand name DayDayCook, the entity just announced that it acquired Asian food brand Omsom. Subsequently, DDC stock is up on the positive implications.According to DayDayCook’s press release, the acquisition stemmed from a combination of cash and equity shares paid out over a four-year period. The buyout should help accelerate “new pro ...