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What's Going On With Agba Stock?
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What's Going On With Agba Stock?
Apr 22, 2024 1:12 PM

AGBA Group Holding Limited ( AGBA ) shares are trading higher Monday on continued upward momentum after the company announced it entered into a definitive merger agreement with Triller Corp. last week. 

The Details:

Following completion of the merger, the combined company will be valued at approximately $4 billion, and Triller will be a wholly-owned subsidiary of Agba ( AGBA ). 

Agba ( AGBA ) stockholders will own 20% of the combined company and Triller stockholders will own the remaining 80% of the combined company. Majority shareholder support already obtained from both Agma and Triller and the boards of both companies have approved the merger.

Agba ( AGBA ) shares are moving on heavy trading volume Monday with more than 186 million shares already traded in the session. According to data from Benzinga Pro, the stock has a float of just over 18 million shares. 

Related News: What’s Going On With Nvidia’s Stock?

How To Buy AGBA Stock:

By now you're likely curious about how to participate in the market for Agba Group Holding ( AGBA ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Agba Group Holding ( AGBA ), which is trading at $2.47 as of publishing time, $100 would buy you 40.49 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

AGBA Price Action: According to Benzinga Pro, Agba Group ( AGBA ) shares are up 114% at $2.68 at the time of publication Monday.

Image: Pete Linforth from Pixabay

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