Why Wearable Devices Stock Is Rising
Portfolio Pulse from Ryan Gustafson
Wearable Devices Ltd. (WLDS) shares surged after announcing the availability of preorders for its Mudra Band, designed for touchless operation of Apple's (AAPL) Apple Watch. The company plans to begin shipments in the second half of 2023.
May 25, 2023 | 6:34 pm
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POSITIVE IMPACT
Wearable Devices Ltd. shares surged after announcing preorders for its Mudra Band, designed for touchless operation of Apple's Apple Watch.
The announcement of preorders for the Mudra Band, a product designed for touchless operation of Apple's Apple Watch, has generated significant interest and demand. This has led to a surge in WLDS shares, indicating a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Wearable Devices Ltd.'s Mudra Band, designed for touchless operation of Apple's Apple Watch, is now available for preorder.
While the Mudra Band is designed for use with Apple's Apple Watch, the impact on AAPL stock is likely to be neutral in the short term. The product is developed by Wearable Devices Ltd., and its success may not directly translate to significant gains for Apple.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50