Murano Global Investments PLC  shares are up more than 50% Friday after falling 47% Thursday. Here's a look at what's going on.

What To Know:

Murano announced on Wednesday that it had completed its business combination with HCM Acquisition Corp, a special purpose acquisition company. The combined businesses began trading on the Nasdaq Capital Market under the ticker symbol MRNO on Thursday. 

Murano Global Investments is a real estate company that owns, develops and invests in hotel, resort and commercial properties throughout Mexico.

According to data from Benzinga Pro, Murano shares are moving on heavy trading volume, and trading was halted on a circuit breaker to the downside Friday morning.  

Related News: Five Below Stock Falls On Q4 Results: Here’s Why

Is MRNO A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Murano Global Investments‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Murano Global Investments does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Murano Global Investments will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

MRNO Price Action: According to Benzinga Pro, Murano Global Investments shares are up 62.4% at $15.63 at the time of publication.

Image: Pexels from Pixabay