BTH Stock Forecast – Quick Win: 98.33% Return In 7 Days

BTH Stock Forecast

On August 27th, 2015, The I Know First algorithm gave a bullish signal of 34.72 for the ticker BTH (Blyth Inc.), which had a predictability indicator of 0.11. In accordance with the algorithm’s prediction, BTH spiked 98.33% in the following 7 days.

BTH stock

Blyth Company is one of the home market’s leaders. They manufacture household products as candle, home fragrance and home décor. Blyth have a global presence (North America, Europe, Asia and Australia) and its headquarter is located in Greenwich.

After reaching its lower level with a 2.92$ value, its stock soared on August 31th due to Carlyle Group, an American global asset management. In fact, Carlyle will acquire Blyth for $98 million, that means that they will pay 6$ for each share of Blyth. This is a significant premium as it more than double the closing price of its stock on August 28th. Also, this deal represents a 65% premium over the past 30-day average share price. Investors believe that Carlyle, with its proven experience in global consumer businesses, will enhance Blyth’s potential and increase the firm’s opportunities through product innovations. This acquisition is expected to close in the fourth quarter of 2015.