Takeover: Why the Codemasters share price just surged 20%
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The
Codemasters(LSE:CDM) share price has been rising steadily this year, but it soared 20% in a single day on Monday.
The
AIM-listed video game developer has had a stellar 2020. Shareholders have seen a brilliant 115% return this year, despite everything that has happened in the world.
US$12.3 TRILLION out of thin air…
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So what specifically happened to light a rocket under the Codemasters share price?
Codemasters racing ahead
The share price jumped 108p, from 532p to 640p, in little under an hour on Monday 14 December. It’s a stunning surge for the racing-focused video game publisher.