WiSA Technologies (NASDAQ:WISA) stock is continuing a recent rally on Wednesday after signing a new deal with a major HDTV/PTV brand.
The big news that has investors excited is this being the fourth such brand the company has signed a deal with. This covers a licensing agreement that allows the brand to integrate WiSA Technologies’ WiSA E software into its products.
WiSA Technologies focuses on offering audio features to customers. That includes use with HDTVs, PTVs, soundbars, speakers and more. WiSA E can be “implemented across four HDTV SoC providers, including Realtek, Amlogic, Mediatek, and Novatek.”
Recent WISA Stock Movement
When WiSA Technologies announced this new licensing agreement yesterday, its shares underwent a massive rally alongside heavy trading. That movement is continuing today with additional gains for the company’s shares.
This has WISA stock up 17.1% as of Wednesday morning with more than 44 million shares traded. That’s above its daily average of about 3.4 million shares. However, the stock is still down 59.7% since the start of the year.
We have even more of the latest stock market stories traders need to know about today!
Our coverage includes all of the hottest stock market news for Wednesday! Among that is what has shares of Edible Garden (NASDAQ:EDBL), Alcoa (NYSE:AA) and CleanSpark (NASDAQ:CLSK) stock on the move today. All of that news is ready at the links below!
More Wednesday Stock Market News
- Why Is Edible Garden (EDBL) Stock Up 91% Today?
- Alcoa (AA) Stock Pops as Biden Threatens to Triple Steel Tariffs
- A Major Upside Catalyst Is Just Around the Corner for CleanSpark (CLSK) Stock
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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.
