24/7 Market News Snapshot 15 November, 2024 – WiSA Technologies, Inc. Common Stock (NASDAQ:WISA)

November 15, 2024

DENVER, Colo., 15 November, 2024 (247marketnews.com) – (NASDAQ:WISA) are discussed in this article.
WiSA Technologies, Inc. has experienced a significant uptick in its stock price, reflecting increased investor interest. Opening at $1.94 and rising to $2.049, the share price represents a gain of 5.62% following a previous close at $1.940. The trading volume of 1.14 million shares indicates heightened activity, suggesting bullish momentum that traders should watch closely. Key resistance levels are established at $2.05, while support appears to be forming around the $1.90 mark. Close observation of volume trends will be essential to determine the sustainability of this upward shift.

In parallel to these market developments, WiSA Technologies has announced a strategic move aimed at revolutionizing its capabilities through the acquisition of Artificial Intelligence, blockchain, and Data Web 3.0 intellectual property assets from Data Vault Holdings, Inc. The $210 million deal is poised to establish WiSA as a leader in data technology and licensing, leveraging Data Vault’s proprietary High-Performance Computing (HPC) software and acoustic technologies. This acquisition not only enhances WiSA’s portfolio but also positions the company favorably in key sectors such as healthcare, finance, entertainment, and automotive.

Brett Moyer, CEO of WiSA Technologies, emphasized the significance of the acquisition, stating it aligns with the company’s goal of becoming a more formidable player in rapidly diversifying markets. The transaction awaits approval at the upcoming Annual Meeting of stockholders in December, and shareholders are encouraged to engage with the process positively. Alongside this transformative move, Data Vault has marked operational progress with the filing of multiple new patents and the introduction of innovative products like the DVHolo hologram suite, signaling a commitment to monetizing its cutting-edge technologies. This confluence of factors sets the stage for an exciting future at WiSA Technologies, with potential for notable industry impact.

Related news for (WISA)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.