Seeking Alpha

Synacor surges after activists file joint 13D

  • JEC Capital (a well-known activist) and Ratio Capital have jointly filed a 13D in which they declare a 9.8% combined stake in Synacor (SYNC +5.6%), and state they plan to talk with the board about "the ongoing search for a new [CEO], the strategic direction and prospects of the Corporation, and the capital structure of the Corporation."
  • Shares have popped after closing yesterday near a 52-week low of $2.12. The TV Everywhere software provider still trades at a small fraction of its 2012 highs.
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