WiSA Technologies (NASDAQ:WISA) stock is falling on Tuesday, but that’s only after the company’s shares underwent a rally yesterday.
The news that sent WISA stock higher yesterday has to do with its Nasdaq listing. Previously, WiSA was in danger of being delisted from the exchange. However, it got confirmation yesterday that it had regained compliance, trading above the $1 minimum bid price that threatened its listing.
The excitement from that news kicked off a rally alongside heavy trading on Monday. However, WISA stock isn’t keeping that momentum today. Even so, shares are trading at around $2.67 as of this writing, which keeps the company well away from delisting.
Investors will also note that WISA stock is seeing a fair amount of trading on Tuesday morning. As of this writing, some 860,000 shares have been traded. That’s closing in on its daily average trading volume of about 1.3 million shares.
What Is WiSA Technologies?
WiSA Technologies is a company focused on the development, manufacturing and sale of “spatial audio wireless technology.” Specifically, it creates speakers that connect to smart devices. Brett Moyer leads the company as its founder, President, CEO and Chairman.
WISA stock is down 32.2% as of Tuesday morning and down 75.2% since the start of the year.
Investors looking for more of the most recent stock market news will want to keep reading!
InvestorPlace is home to all of the hottest stock market news traders need to know about on Tuesday! That includes why shares of Pinterest (NYSE:PINS), Monopar Therapeutics (NASDAQ:MNPR) and Disney (NYSE:DIS) stock are on the move today. You can find out more on these matters at the links below!
More Tuesday Stock Market News
- Pinterest Layoffs 2023: What to Know About the Latest PINS Job Cuts
- Why Is Monopar Therapeutics (MNPR) Stock Down 47% Today?
- Disney Layoffs 2023: DIS Stock Is in Focus as Job Cuts Start
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not hold (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.