What's Going On With Microvision (MVIS) Shares
Portfolio Pulse from Henry Khederian
Microvision Inc (MVIS) shares are trading higher by 20.6% to $6.43, despite no company-specific news. The stock is trending on social media platforms and may be experiencing a short squeeze. Microvision is developing a lidar sensor for automotive safety and autonomous driving applications.

June 06, 2023 | 3:01 pm
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Microvision shares are up 20.6% to $6.43, possibly due to social media attention and a short squeeze. The company is working on a lidar sensor for automotive safety and autonomous driving.
The surge in MVIS shares is likely due to the stock trending on social media platforms, which can attract more investors and drive up the price. Additionally, the high percentage of shares sold short (27.16%) may be causing a short squeeze, further pushing the stock price up. The company's development of a lidar sensor for automotive safety and autonomous driving applications adds to its potential growth prospects.
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