Shares of CPS Technologies (CPSH) jumped more than 138%, Clene Inc (CLNN) rose 101% GW Pharmaceuticals (GWPH) grew 44% among other stocks that made the headlines. We have highlighted below some of the reasons for the price movements.
CPS Technologies (CPSH)
Shares of CPSH surge 138.33% after the company said it had inked a deal with the government to provide ballistic armor for U.S Navy ships. The stock had close Tuesday at $6.94 but increased the next day to close at $6.54 per share.
Clene Inc (CLNN)
The clinical-stage biopharma company rose more than 101% despite no company-specific news to justify the price action in the session. The gains could be attributed to the bullish sentiments of analysts. It opened trading at $7.75 to close at $13.21 on Wednesday.
GW Pharmaceuticals plc (GWPH)
GW Pharmaceuticals shares rose more than 44% following the company’s announcement that it will be acquired by Jazz Pharmaceuticals for $220 per ADS and stock. The share price moved upward from its previous day closing at $146.2 to close Wednesday at $211.37.
Microvision Inc (MVIS)
MVIS shares traded higher without any company-specific news to justify the price action. Its previous day’s closing was around $7.62 before starting Wednesday at $8.05 to close at $9.26.