Chicken Soup for the Soul Entertainment, Inc. (CSSE) shares ended the last trading session 6.6% higher at $35.60. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 1.7% loss over the past four weeks.
The upswing in share price came after the company announced the Screen Media acquisition of all North American rights to writer/director Anthony Hayes’ upcoming thriller GOLD, in which he co-stars with Zac Efron.
Screen Media purchased the film following a competitive bidding war among many contenders at last year’s AFM. GOLD