Why Nikola Shares Are Trading Higher By 33%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Several stocks experienced significant movement in Monday's mid-day session. Notably, Nikola Corporation's shares rose by 33% following the appointment of a new chief operating officer. Other gainers included SCWorx Corp., Avinger, Inc., SeqLL Inc., and Perspective Therapeutics, Inc. On the other hand, stocks such as Earlyworks Co., Ltd, STRATA Skin Sciences, Inc., AERWINS Technologies Inc., and MSP Recovery, Inc. saw a dip in their share prices.
September 18, 2023 | 5:25 pm
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POSITIVE IMPACT
Avinger, Inc.'s shares surged 63.2% amid the company announcing the commercial launch of its Tigereye ST image-guided CTO crossing device.
The commercial launch of a new product can lead to increased investor confidence, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Perspective Therapeutics, Inc.'s shares climbed 39.1% to $0.2851 after falling 42% on Friday.
A significant recovery in a company's stock price can be due to a variety of factors, including positive news, strong earnings reports, or favorable market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nikola Corporation's shares rose by 33% following the appointment of a new chief operating officer.
The appointment of a new COO is a significant event for a company, and it often leads to increased investor confidence, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SeqLL Inc.'s shares climbed 47.2% after the company announced the date of its cash and stock dividend.
The announcement of a cash and stock dividend can lead to increased investor interest, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SCWorx Corp.'s shares jumped 111% to $0.4000.
A significant increase in a company's stock price can be due to a variety of factors, including positive news, strong earnings reports, or favorable market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100