What Happened With Autonomix Medical Stock Today?
Portfolio Pulse from Erica Kollmann
Autonomix Medical Inc (NASDAQ:AMIX) saw a significant stock price increase after announcing a licensing agreement with RF Innovations for its Apex 6 Radiofrequency Generator. The deal involves 250,000 shares of common stock and grants Autonomix a perpetual, non-exclusive, worldwide, and royalty-free license. The stock surged 123.3% on heavy trading volume but fell 9.42% after-hours.
July 15, 2024 | 8:48 pm
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Autonomix Medical's stock surged 123.3% after announcing a licensing agreement with RF Innovations for its Apex 6 Radiofrequency Generator. The deal involves 250,000 shares of common stock and grants a perpetual, non-exclusive, worldwide, and royalty-free license. The stock saw heavy trading volume but fell 9.42% after-hours.
The licensing agreement is a significant development for Autonomix Medical, providing them with valuable intellectual property that can enhance their product offerings. The immediate surge in stock price reflects investor optimism, although the after-hours decline suggests some profit-taking or market correction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100