Buzztime has been moving uphill since September, and in last 45 days had some significant jumps. In mid September NTN was trading around $1.60pps and by end of January had hit highs above $5.20pps
That all ended in the last 2 days. Buzztime NTN fell on Wednesday this week by 20% intraday, from $6.38 to $4.82.
Just 2 hours after the market closed they released press and what was already a bad day got a bit worse.
By Market open today NTN shares started trading at $4.55 and have stayed under $5 most of the day.
NTN News -NTN Buzztime Announces Date of Special Meeting of Stockholders to Vote on Proposed Merger and Asset Sale