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Alaska Communications Systems Group Up 31 Percent Monday (ALSK)

Shares of Alaska Communications Systems Group (NASDAQ: ALSK) were up more than 31 percent Monday.

Monday’s move followed an outsized move last week that has moved the stock more than 73 percent higher since breaking above its 200 day moving average.

The recent spike higher is likely attributable to the FCC approval of the merger of the wireless assets of General Communications and Alaska Communications. The news became more clear to investors in a Seeking Alpha that explained the merger and its value to shareholders.

[stock-tools exchange="NASDAQ" symbol="ALSK" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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