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TMT Acquisition Corp Shareholders Approve Business Combination with eLong Power Holding Limited
Globe Newswire (Tue, 29-Oct 5:00 PM ET)
Globe Newswire (Wed, 25-Sep 12:55 PM ET)
TMT Acquisition Corp Announces Adjournment of Extraordinary General Meeting of Shareholders
Globe Newswire (Tue, 24-Sep 10:34 AM ET)
TMT Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
TMT Acquisition - trades on the NASDAQ stock market under the symbol TMTC.
As of November 12, 2024, TMTC stock price declined to $7.77 with 89,331 million shares trading.
TMTC has a beta of 0.94, meaning it tends to be less sensitive to market movements. TMTC has a correlation of 0.06 to the broad based SPY ETF.
TMTC has a market cap of $63.25 million. This is considered a Micro Cap stock.
TMTC has underperformed the market in the last year with a price return of -25.8% while the SPY ETF gained +37.1%. TMTC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -30.1% and -19.7%, respectively, while the SPY returned +12.3% and +2.8%, respectively.
TMTC support price is $7.46 and resistance is $8.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TMTC shares will trade within this expected range on the day.