Rail Vision (NASDAQ:RVSN) stock is rocketing higher on Wednesday despite a lack of news from the company.
Let’s go over everything investors need to know about RVSN stock today.
- The only recent news concerning RVSN stock is Aegis Capital initiating coverage of the shares earlier this week.
- This saw the firm assigning a “buy” rating and a $7 price target.
- Instead, heavy trading is what has shares of RVSN stock on the move today.
- As of this writing, more than 99 million shares of the stock have changed hands.
- For comparison, the company’s daily average trading volume is closer to 1.1 million shares.
- But that doesn’t mean investors will want to jump in with these traders.
- It’s incredibly likely that RVSN stock is undergoing a pump from retail traders right now.
- That means there’s a good chance we’ll see the stock come crashing down with an eventual dump.
- If so, that could leave some unfortunate traders left holding the bag when that drop occurs.
- For those still interested, Rail Vision is a supplier of “cognitive vision sensor technology and safety systems for the railway industry.”
- It’s based out of Raanana, Israel, and was founded in 2016.
- It has a market capitalization of $35.448 million.
RVSN stock is up 62% as of Wednesday morning but is still down 30.3% since the start of the year.
Investors on the lookout for more stock market news will want to keep reading!
InvestorPlace offers up all of the latest stock market news that traders need to know about! For Wednesday, that includes what’s happening with shares of Livent (NYSE:LTHM), Match (NASDAQ:MTCH), and Advanced Micro Devices (NASDAQ:AMD) stock. You can catch up on all of that news at the following links!
More Stock Market News for Wednesday
- Rising Lithium Prices Are Lifting Livent (LTHM) Stock. What to Know.
- Why Is Match (MTCH) Stock Down Today?
- Analysts Are Betting on AMD Stock After Major Q1 Revenue Spike
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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