Trump announces trade deal with EU following months of negotiations
In a buoyant trading session, AMBR stock soared to its 52-week high, reaching a price level of $12.49, with an average daily trading volume of 0.27M shares. According to InvestingPro, the company maintains a GREAT financial health score despite not being profitable in the last twelve months. The significant milestone reflects a period of robust performance for the company, as investors rally behind its promising financial outlook and strategic initiatives. While AMBR celebrates this peak, with InvestingPro showing strong returns across multiple timeframes, another notable market movement is seen in iClick Interactive Asia (NASDAQ:AMBR), which has witnessed an impressive 1-year change, surging 207.29%. This remarkable growth underscores the dynamic nature of the market, where companies like AMBR and iClick Interactive Asia are capturing investor confidence through their resilience and growth potential. Unlock 10+ additional ProTips and comprehensive financial metrics with InvestingPro.
In other recent news, Amber International Holding Limited has completed its merger with Amber DWM Holding Limited and begun trading its American Depositary Receipts on the Nasdaq Global Market under the ticker symbol "AMBR." This merger, finalized on March 12, 2025, marks a significant milestone for Amber International, as it seeks to enhance its presence in the institutional digital asset finance sector. The merger involved the acquisition of WhaleFin Markets Limited and the assumption of contracts by a subsidiary of Amber DWM. Additionally, iClick Interactive Asia Group Limited, now operating as Amber International, received approval from Nasdaq for the post-merger listing of its American Depositary Shares. This strategic move is anticipated to bolster iClick’s position in digital wealth management, with Amber DWM offering tailored solutions for the crypto economy. The merger also included an intercompany services agreement to ensure economic benefits while awaiting regulatory approvals. Amber International’s CEO, Wayne Huo, emphasized the Nasdaq listing’s role in enhancing transparency and credibility. Meanwhile, the company plans to focus on enhancing trading and execution, expanding regulated investment offerings, and advancing regulatory and security standards.
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