DDC Enterprise Limited (AMEX:DDC) shares are racing higher Wednesday after the company announced it has acquired the Asian food brand, Omsom.
The Details:
The acquisition consists of a combination of DDC's cash and stock paid out over four years and is expected to accelerate new product innovation as well as streamlined processes and improved financial metrics.
"Our presence in the U.S. is rapidly growing with the addition of Omsom to our U.S. family of brands, joining Nona Lim and Yai's Thai, which we acquired within the past year. Having three notable Asian food brands in our portfolio will create enhanced synergies and resource integration, and make our operations more efficient and profitable. We look forward to collaboration across the three brands and to ensuring even more Asian-inspired and developed products reach more U.S. kitchens in the future," said DDC founder Norma Chu.
DDC shares are moving on heavy trading volume Wednesday following the announcement. According to data from Benzinga Pro, more than 49 million shares have been traded in the session, compared to the stock's 100-day average of less than 29,000 shares.
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How To Buy DDC Stock:
By now you're likely curious about how to participate in the market for DDC Enterprise – 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, or Amazon.com, 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.
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.
DDC Price Action: According to Benzinga Pro, DDC Enterprise shares are up 339% at $2.27 at the time of publication Wednesday.
Image: Gerd Altmann from Pixabay