TROOPS Inc. (NASDAQ: TROO) despite a surge 106.15% in regular trading hour saw a dip of 24.63% during after-hours trading on Monday.
Check out how TROOPS Inc. stock is standing here.
What Happened: The Hong Kong–based conglomerate ended the trading day at $1.34, marking a notable 104.58% rise from its previous close. However, the after-hours trading session saw the company’s stock value drop to $1.01, a decrease of 24.63%.
TROOPS Inc. had recently garnered attention for its strategic entry into the Asian co-working market via a two-stage acquisition deal. TROOPS Inc. saw a surge of 104.58% on Jul 14 after the company’s subsidiary, Giant Connection Limited, expressed its intention to acquire a 49% stake in WORK, Inc., a co-working space operator based in Taiwan. An option for the vendor to sell the remaining 51% to the purchaser in the future.