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Merlin surges 19.8% on 15.6x volume spike following C-130J autonomy milestone
- Merlin, Inc. shares surged 19.8% on June 5, closing at $8.60 after opening up 28% at $9.19 and reaching a daily high of $10.25.
- Trading volume spiked to 28.40 million shares, which is 15.6 times its 20-day average of 1.82 million shares.
- The surge coincided with the company's announcement of successful completion of a Critical Design Review for its C-130J autonomy program with U.S. Special Operations Command.
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Conclusion
Price rose from $7.18 (June 4) to $8.60 (June 5), a 19.8% gain (high of $10.25). Volume was 28,399,600 vs 20-day average of 1,824,607 (15.56x ratio). The stock surge coincided with Merlin's announcement of completing the Critical Design Review for its USSOCOM-backed C-130J autonomy program, which advances the program from design development into aircraft integration and formal test campaign.