Stock Track | Agora, Inc. (API) Soars 5.23% on Senior Management's Voluntary Lock-Up Deal

Stock Track

2024-12-03

Agora, Inc. (API) saw its stock surge 5.23% in the pre-market session on Monday, as the company's senior management team entered into a voluntary lock-up period for shares they own until the end of 2025.

The voluntary lock-up agreement was announced by Agora on Monday, stating that its founder, chairman, and CEO Bin (Tony) Zhao, CTO and Chief Scientist Sheng (Shawn) Zhong, CFO Jingbo Wang, and Vice President Robbin Liu would not sell any of their shares in the company until December 31, 2025.

This move by Agora's senior leadership team is seen as a strong sign of confidence in the company's long-term prospects and value. Investors reacted positively to the news, driving the stock price higher in the pre-market session.

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(API) Soars 5.23% on Senior Management's Voluntary Lock-Up Deal\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time smaller\">2024-12-03 17:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Agora, Inc. 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(API) saw its stock surge 5.23% in the pre-market session on Monday, as the company's senior management team entered into a voluntary lock-up period for shares they own until the end of 2025.\nThe voluntary lock-up agreement was announced by Agora on Monday, stating that its founder, chairman, and CEO Bin (Tony) Zhao, CTO and Chief Scientist Sheng (Shawn) Zhong, CFO Jingbo Wang, and Vice President Robbin Liu would not sell any of their shares in the company until December 31, 2025.\nThis move by Agora's senior leadership team is seen as a strong sign of confidence in the company's long-term prospects and value. Investors reacted positively to the news, driving the stock price higher in the pre-market session.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1}}}