SOBR Safe (NASDAQ:SOBR) stock is rocketing higher on Tuesday after the alcohol detection hardware and software company signed agreements with Hired Power and The Firm.
SOBR Safe notes that both companies have made initial purchases of its SOBRsure device. They both plan to replace breathalyzers with these devices following the launch of the company’s enterprise client management software.
Hired Power is a transition company out of Huntington Beach, California, that works with thousands of treatment centers, professionals and clients. The Firm is a Nashville, Tennessee based company that focuses on bridging the gap between addiction and long-term recovery.
What This Means for SOBR Stock
This news is raising morale for SOBR investors and that brings with it heavy trading of SOBR stock as they buy shares. That has more than 226 million shares of SOBR changing hands as of this writing. For the record, the company’s daily average trading volume is well below that at 4.3 million shares.
SOBR stock is up 82.6% as of Tuesday morning. Even so, the stock is still down 5.3% since the start of the year.
Investors who are seeking out even more of the most recent stock market stories are going to want to stick around!
We have all of the hottest stock market stories traders are going to want to read about on Tuesday! Among that is what has shares of Microsoft (NASDAQ:MSFT), GameStop (NYSE:GME) and Joby Aviation (NYSE:JOBY) stock moving today. All of that info is ready to go at the following links!
More Tuesday Stock Market News
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- JOBY Stock Alert: Joby Aviation Expands eVTOL Program With New Acquisition
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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.
