Why Is Near Intelligence (NIR) Stock Up 58% Today?


  • Near Intelligence (NIR) stock is rising alongside heavy trading.
  • That comes alongside an update on its business.
  • The company points out that its real estate customers bring in $87 billion a year in revenue.
NIR Stock - Why Is Near Intelligence (NIR) Stock Up 58% Today?

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Near Intelligence (NASDAQ:NIR) stock is climbing higher on Thursday after the company revealed details about clients served.

According to a press release from Near Intelligence, it serves many major players in the commercial real estate space. This has these customers generating $87 billion in total yearly revenue with $200 billion in assets under the company’s management.

Near Intelligence offers advanced analytics to real estate companies. The information it provides to customers allows them to make business decisions that are backed up by data. That includes those in the neighborhood, commercial property, office parks and potential site businesses.

Anil Mathews, CEO of Near Intelligence, said the following in the news release:

“We are proud to be the selected partner for some of the world’s largest commercial real estate companies […] Whether you’re a property owner, business owner, real estate developer, or investor, our commercial real estate customers can access the data intelligence they need to find the right location fit between property, business, and consumer.”

NIR Stock Movement Today

Investors will also note that NIR stock is seeing major movement on Thursday. As of this writing, more than 10 million shares have changed hands. That’s already well above its daily average trading volume of about 710,000 shares.

NIR stock is up 57.8% as of Thursday morning.

Investors looking for more of the latest stock market news will want to keep reading!

We have all of the most recent stock market news that traders need to know about on Thursday! Among that is what’s moving Safe & Green (NASDAQ:SGBXV) stock, the biggest pre-market stock movers this morning and more. All of that news is ready to go at the links below!

More Stock Market News for Thursday

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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.

Article printed from InvestorPlace Media, https://investorplace.com/2023/09/why-is-near-intelligence-nir-stock-up-58-today/.

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