Cyngn shares are trading higher after the company announced the issuance of a new patent, US-11,837,089-B2, for its autonomous vehicle and driving solutions.
Portfolio Pulse from Benzinga Newsdesk
Cyngn's stock price has increased following the announcement of a new patent, US-11,837,089-B2, for its autonomous vehicle and driving solutions.
December 07, 2023 | 5:09 pm
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Cyngn's issuance of a new patent for autonomous vehicle technology has led to an increase in its stock price.
The issuance of a new patent typically signifies advancement in technology and potential for future revenue growth, which can positively influence investor sentiment and lead to a short-term increase in stock price.
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