Shares of Genius Brands International (NASDAQ: GNUS) jumped on Monday after the children's entertainment company said Arnold Schwarzenegger has agreed to become a "significant investor." At the close today, Genius Brands stock was up 8.6% after climbing as much as 20% earlier in the day. Schwarzenegger chose warrants to purchase shares of Genius Brands stock as part of his compensation for starring in and co-producing the company's new animated series, Stan Lee's Superhero Kindergarten. Read More...
Why Genius Brands Stock Rose Today
Shares of Genius Brands International (NASDAQ: GNUS) jumped on Monday after the children’s entertainment company said Arnold Schwarzenegger has agreed to become a “significant investor.” At the close today, Genius Brands stock was up 8.6% after climbing as much as 20% earlier in the day. Schwarzenegger chose warrants to purchase shares of Genius Brands stock as part of his compensation for starring in and co-producing the company’s new animated series, Stan Lee’s Superhero Kindergarten.
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