Why Forum Merger II Stock Just Popped 7%
Shares of Forum Merger II Corporation (NASDAQ: FMCI), the special-purpose acquisition vehicle working to bring plant-based foods-maker Tattooed Chef public through a reverse merger IPO, are having a good day Wednesday, rising 6.7% through 11:25 a.m. EDT.
There doesn't appear to be any specific news driving the stock price higher today. Newswires are devoid of any press releases from Forum or from Tattooed Chef. No analysts are touting the merger today, either.
What there is, however, is a new article out on Barron's today, which suggests that packaged food sales in general could get a boost from the trend toward more homeschooling during the COVID-19 pandemic as time-pressed parents seek options for quickly feeding their youngsters while juggling their own work-from-home schedules.
Source Fool.com
