SMX (Security Matters) shares are trading higher after the company announced a pilot program with PepsiCo to deter counterfeiting.
Portfolio Pulse from Benzinga Newsdesk
SMX shares surged following the announcement of a pilot program with PepsiCo aimed at combating counterfeiting. This collaboration highlights SMX's innovative solutions in the security domain and PepsiCo's commitment to protecting its brand.
March 20, 2024 | 5:31 pm
News sentiment analysis
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POSITIVE IMPACT
SMX's stock price is likely to experience a short-term increase due to the positive market reaction to its partnership with PepsiCo for a counterfeiting deterrence program.
The announcement of a pilot program with a major company like PepsiCo serves as a strong validation of SMX's technology and market potential. This partnership not only enhances SMX's credibility but also raises investor expectations for future growth and adoption in the industry, leading to a positive short-term impact on SMX's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90