WiSA Technologies (WISA) Stock Pops Another 17% in Major Rally


  • WiSA Technologies (WISA) stock continues to rally today.
  • That’s due to a new licensing agreement announced yesterday.
  • With this comes heavy trading of WISA shares.
WISA Stock - WiSA Technologies (WISA) Stock Pops Another 17% in Major Rally

Source: shutterstock.com/Gaurav Paswan

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.

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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.

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