Monday, May 10, 2021

Porch Group’s (PRCH) Stock Price Rises After It Expands

Porch Group Inc (NASDAQ: PRCH) is a provider of IT services for the real estate industry. The Company acquired Homeowners of America, expanding its portfolio of solutions. As a result, this became the driving force behind PRCH’s growth. During the last trading session, the PRCH share closed at $17.8 up 11.80% over the previous trading session. The Company had a market cap of $1.16 billion.

Under regulatory approval, the deal is expected to close early in the second quarter of 2021. Upon closing, the deal will be worth $75 million, followed by an additional $25 million in cash or stock, depending on the share price.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Homeowners of America combines the home owner’s insurance with property management in a hybrid business model. The Company was founded in 2006. It has offices in six states in the US but is licensed in 31 states all over the country. The targeted insurance market for HOA is estimated at $10 billion. With a customer base of more than 800 partner agencies, the Company operates under a B2B2C model that generates recurring revenues.

There is no doubt that HOA is the best buy. The Company has been seeking a candidate for property and insurance management for quite some time. Porch benefits significantly from this.

Likely, HOA services will progressively integrate into the Porch ecosystem. Porch Group Inc (PRCH) is hopeful the merger will result in one of the most profitable and fastest-growing insurance companies in the US. Successful implementation of this strategy could make Porch one of the best investment destinations.

Latest news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

Related news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.