🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

FREE stock soars to 52-week high, touches $4.88 amid growth

Published 07/31/2024, 11:24 AM
FREE
-

In a remarkable display of market confidence, shares of Whole Earth Brands, Inc. (FREE) surged to a 52-week high, reaching a price level of $4.88. This peak represents a significant milestone for the company, reflecting a robust year-over-year growth trajectory. Investors have rallied behind FREE, propelling the stock to new heights and underscoring the company's potential in its industry. Over the past year, Whole Earth Brands has witnessed an impressive 21.57% change in its stock value, a testament to its strong performance and the positive sentiment among shareholders. This latest peak in share price marks a pivotal moment for the company as it continues to navigate the competitive landscape and capitalize on market opportunities.

In other recent news, Lineage, a well-known cold storage real estate investment trust (REIT), has unveiled plans to raise up to $3.85 billion through an initial public offering (IPO) in the United States. The company's decision to go public follows a resurgence in the U.S. IPO market, which is currently being driven by a hopeful outlook for a moderate economic downturn. The IPO, facilitated by a consortium of more than 20 Wall Street banks, including Morgan Stanley, Goldman Sachs, BofA Securities, J.P. Morgan Securities, and Wells Fargo Securities, will see Lineage's 47 million shares priced between $70 and $82 each. KKR Capital Markets has been selected as the lead financial advisor for the IPO. Lineage has opted for the Nasdaq Global Select Market for its listing, a significant step in the company's pursuit of public capital. These recent developments reflect a renewed investor confidence and willingness to invest in companies making their market debut.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.