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Stock Alert: Accel Entertainment Up 7%

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Stock Alert: Accel Entertainment Up 7%

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(RTTNews) – Shares of Accel Entertainment, Inc. (ACEL) are gaining near 7% on Thursday morning despite no stock-related news to drive the shares.

ACEL is currently trading at $11.28, up $0.70 or 6.66%, on the Nasdaq.

Wednesday, Accel Entertainment announced pricing of its previously announced public offering of Class A-1 common stock. The company will sell 8 million shares at $10.50 per share to raise $84 million. Accel intends to use the proceeds for general corporate purposes.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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