Pinewood Technologies (LON:PINE) rallies but shares still 42% under failed Apax buyout
Pinewood Technologies Group PLC climbed 8.3% Wednesday, but what stood out was volume—just around 711,000 shares changed hands, equal to about 0.62% of the voting rights. The price added 22p and that pushed the automotive software firm’s market cap up by about £25 million on paper, with 115.1 million voting rights. The stock finished at 288p, rising 22p on the day, according to Investors Chronicle/LSEG data delayed at least 20 minutes as of 16:35 BST. Hargreaves Lansdown and AJ Bell posted a 288.5p sell price, 291.5p buy price, and a market cap near £331.5 million at the close.