Anterix Stock Jumps 26% On Strategic Review Announcement

(RTTNews) - Anterix Inc. (ATEX) is up 25.30 percent, gaining $7.22 to trade at $35.74. The surge follows the company's announcement that it has engaged Morgan Stanley to support a formal strategic review process amid growing interest in its business.

Anterix also unveiled a new initiative to accelerate the deployment of 900 MHz private networks, drawing strong interest from the sector.

ATEX is currently trading at $35.74, up from the previous close of $28.52. The stock has moved between $35.25 and $39.72 in today's session. Trading volume has surged to 575,833 shares, far exceeding the average volume of 117,781.

The stock remains within its 52-week range of $27.37 to $42.41, as investors respond positively to the company's strategic review and industry engagement efforts.