Collective Growth Shares Spike Higher; Traders Circulate CTECH Report Titled 'Innoviz has the lidar technology Tesla and Apple need for their autonomous vehicles, says CEO'
Portfolio Pulse from Benzinga Newsdesk
Collective Growth shares surged as traders circulated a CTECH report suggesting that Innoviz's lidar technology is essential for Tesla and Apple's autonomous vehicles, according to the CEO.
February 02, 2021 | 9:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Collective Growth shares increased significantly due to a report indicating that Innoviz's lidar technology is vital for Tesla and Apple's autonomous vehicles.
The report suggests a strong demand for Innoviz's lidar technology, which Collective Growth is associated with, leading to a positive market reaction and a spike in CGRO's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80