Tech Shares Up Sharply Following Production Update

A micro cap in the tech space is causing quite the stir on Wednesday after it was announced that the company has reported a significant increase in the production of its Mudra Band. According to the release, this strategic move aims to meet the anticipated interest following the company’s showcase at the upcoming 2024 Consumer electronic Show (2024 CSE) event.

Traders naturally were excited about this news as shares of Wearable Devices Ltd. (Nasdaq:WLDS) shot up to $0.32/share (+6.60%) at the session high. This move could be what breaks the multi-month downtrend this stock has faced since last summer. 

Wearable Devices Ltd develops a non-invasive Neural input interface for controlling digital devices using subtle finger movements. With the use of Deep Learning algorithms and Convolutional Neural Networks, it translates digital signals and classifies them as one of the gestures. Its products include Mudra Inspire and Mudra Band.

Copyright © 2023 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com’s content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

]]>