India, July 1 -- Shares of ClearOne, Inc. (CLRO) jumped over 118% on Tuesday morning after the company announced a special one-time stock dividend.
CLRO is currently trading at $12.80, up $6.95 or 118.94%, on a volume of 23 million shares, above average volume of 24 thousand, on the Nasdaq. The stock opened its trading at $12.59 after closing Monday at $5.86. The stock has traded between $4.35 and $21.00 in the past 52-week period.
ClearOne announced that its Board of Directors has declared a one-time special stock dividend on its issued and outstanding shares of common stock and any common stock equivalents with dividend rights, to provide its legacy stockholders with a 100% stake in the proceeds from any eventual sale of all or substant...