Cision (NYSE: CISN) closed with change of 1.69% to $12.67 with the total traded volume of 820570 shares versus to an average volume of 228.25K. The stock was up in the 5 days activity 4.71%. The one month performance of stock was high 5.94%. CISN shares are above 6.92% for the quarter and driving a 26.70% rally over the course of the past year and is now up 6.74% since this point in 2018. The average volatility for the week and month was at 1.49% and 2.16% respectively.
Cision (NYSE: CISN) today reported the commencement of a proposed underwritten public offering of 8,000,000 ordinary shares by certain selling shareholders. Cision is not selling any ordinary shares in the offering and will not receive any proceeds from the offering by the selling shareholders. In addition, the selling shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 ordinary shares at the public offering price less the underwriter discount.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers of the proposed offering and representatives of the underwriters. Additional book-running managers are Credit Suisse and RBC Capital Markets. Barclays, Baird, BMO Capital Markets, Suntrust Robinson Humphrey and CJS Securities are acting as co-managers for the proposed offering.
A registration statement on Form S-1 (including a prospectus) relating to these securities was filed with and declared effective by the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering have been filed by Cision with the SEC and are available on the SEC’s website at www.sec.gov.
The offering of these securities is being made solely by means of a prospectus supplement and the accompanying prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Shares of Cision Ltd. have been recently spotted trading -7.38% off of the 52-week high price. On the other end, company shares have been noted 27.98% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 9.90 – 13.68. Switching over to some distances from popular moving averages, we see that the stock has been recorded 6.44% away from the 50 day moving average and 7.73% away from the 200 day moving average. Moving closer, we can see that shares have been trading 4.68% off of the 20-day moving average.