24/7 Market News Snapshot 01 May, 2025 – Olo Inc. (NYSE:OLO)

May 1, 2025

DENVER, Colo., 01 May, 2025 (www.247marketnews.com) – (NYSE:OLO) are discussed in this article.
Olo Inc. (OLO) has demonstrated a significant upward trend in its stock performance, opening at $6.90 and currently trading at $7.015, which marks an impressive increase of 13.15% from the previous closing price of $6.20. This surge indicates strong bullish sentiment among investors, driven by a trading volume of 1.81 million shares, highlighting heightened market interest. Analysts suggest that there may be resistance around the $7.50 mark, with support identified at approximately $6.90. The overall technical outlook for Olo Inc. signifies potential for continued gains if the high trading volume persists.

Simultaneously, Ocean Power Technologies, Inc. (NYSE American: OPTT) is advancing its position in marine technology with the recent shipment of its innovative Merrows™ capable PowerBuoy®. This initiative aims to validate the PowerBuoy’s survivability and operational effectiveness in various defense and security contexts, including surface and subsea monitoring. This development is a continuation of a prior collaboration with an international defense contractor, demonstrating OPTT’s commitment to providing sophisticated solutions for enhancing maritime security.

CEO Mr. Philipp Stratmann expressed optimism regarding this collaboration, emphasizing its significance for global maritime safety. He stated the company’s excitement about the project, which aims to demonstrate the offshore capabilities of its intelligence, surveillance, and reconnaissance solutions. Additionally, Ocean Power Technologies offers a comprehensive suite of maritime services, including WAM-V® unmanned surface vehicles, which serve to enhance safety and environmental sustainability across multiple sectors, such as defense, oil and gas, and offshore wind energy. These advancements affirm Ocean Power Technologies’ role as a leader in deploying sustainable marine power solutions.

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