One of the most popular retail stocks is no more as the company name and ticker have gone away via a stock merger that will see the company become a subsidiary of a larger organization. What Happened: Support.com, which previously traded as SPRT on the Nasdaq, is now owned by Greenidge Generation Holdings Inc (NASDAQ: GREE).
How has SPRT stock performed over the last 12 months?
Sep 14, 2021 · Near the end of August, SPRT stock prices increased by over 400 percent in just a week, which prompted talk of the company becoming a “meme stock.” It remains to be seen how the merger with ...
Why did shares of support (SPRT) surge 291% in August?
Sep 14, 2021 · What Happened to SPRT Stock. As we’ve noted previously, SPRT stock has continued to decline over the past week, despite a spike during the week before. Investors chased up shares earlier in ...
Are You Holding SPRT stock for a short squeeze?
Nov 17, 2021 · Support.com Inc (NASDAQ: SPRT) is trading significantly lower on above-average volume Tuesday as the stock continues to pull back following recent strength. The average session volume over the last 100 days is about 17.5 million. Trading volume was approac...
Is SPRT a good place to invest?
Sep 14, 2021 · What happened Shares of Support.com (NASDAQ: SPRT) are getting crushed Tuesday, trading down roughly 29.5% as of 2:20 p.m. EDT. Today's massive sell-off comes on the heels of a nearly 10% decline ...
What happens to my SPRT stock after merger?
What Will Happen To My Money With SPRT During The Merge? Your money will either be unchanged or you will see positive gains once the merge has been finalized. This will highly depend on how well this merge does in the markets. SPRT last traded closer to $12 per share.Sep 15, 2021
Where did my SPRT stocks go?
Support.com (NASDAQ:SPRT) has completed its merger with Greenidge Generation (GREE) and will now operate as a subsidiary of Greenidge. The combined company will trade today under the ticker "GREE."Sep 15, 2021
Why is SPRT halted?
The Company would like to confirm that it has no relation, or business dealings with Support.com, the owner of NASDAQ: SPRT. The Company is aware that before Oct. 20, 2021, NASDAQ: SPRT undertook a substantial short position that resulted in the stock halting trading.Oct 28, 2021
What is SPRT merging with?
Support.com (NASDAQ:SPRT) has confirmed that shareholders have voted to approve its merger with Greenidge Generation Holdings. The catalyst that we predicted for SPRT stockholders is finally here.Sep 10, 2021
Is SPRT shorted?
Short Shares Availability This table shows the number of shares of US:SPRT available to be shorted at a leading prime brokerage. It is not the total number of shares available to short, nor is it the short interest. It does not include data from other brokers or dark pools.
When did SPRT go public?
July 2000SPRT Stock Pre-Merger Announcement Support.com went public in July 2000. It sold 4.25 million shares at $14 apiece. It got its start in December 1997. “We provide eBusiness infrastructure software that automates, personalizes and enhances user support over the Internet.Sep 3, 2021
What's the price of SPRT stock?
11.80Key Turning Points52-Week High59.69Fibonacci 50%30.65Fibonacci 38.2%23.80Last Price11.8052-Week Low1.621 more row•Sep 14, 2021
What does SPRT company do?
Its specific focus is on helping enterprises switch over to work-from-home settings for their employees. The company's services are supported by its own work-from-home agents that are available 24/7 every day of the year.Mar 22, 2021
How many shares of SPRT are there?
Support.com currently has issued a total of 24,238,000 shares. Some of Support.com's outstanding shares are available for trading, while others are subject to various restrictions.
Who bought support?
Greenidge GenerationSupport.comTraded asNasdaq: SPRTDefunctSeptember 15, 2021FateAcquired by Greenidge GenerationHeadquartersWilmington, Delaware Sunnyvale, California , USAKey peopleLance Rosenzweig (President & CEO)6 more rows
When did SPRT merge with GREE?
The parties expect the pending merger to close and become effective at the close of trading on September 14, 2021 (subject to the satisfaction or waiver of all closing conditions contained in the merger agreement), and shares of Greenidge Class A common stock to begin trading on The Nasdaq Global Select Market under ...Sep 13, 2021
What company did support COM merge with?
Greenidge"We are grateful for our stockholders' overwhelming endorsement of the Support.com merger with Greenidge," said Lance Rosenzweig, Support.com President and Chief Executive Officer.Sep 10, 2021
Key Points
The stock became a favorite among meme-focused investors, and its price soared after a short squeeze.
What happened
Shares of Support.com ( NASDAQ:SPRT) surged 291% in August, according to data from S&P Global Market Intelligence. The beaten-down tech and customer support stock soared after it became the latest short squeeze target favored by Reddit's WallStreetBets discussion board.
So what
Short-sellers who placed bets against Support.com had the tables turned as a swarm of investors turned bullish on the stock. The fast-rising share price spurred short-sellers to cover the stock they had shorted, which had the effect of pushing the share price even higher.
Now what
Support.com stock had already started to pull back at the end of August, and it's started September's trading with another big sell-off. The company's share price fell roughly 23% on the month's first day of trading.
