WiSA Technologies (NASDAQ:WISA) stock is gaining on Monday after the company announced a five-year license of its WiSA E software.
According to a press release from WiSA Technologies, this licensee is a global HDTV manufacturer that sells 10 million units per year. This license allows it to add the company’s WiSA E software to any or all of its offerings over those five years.
Tony Ostrom, president of the WiSA Association, said the following about the news.
“WiSA E was designed to give brands powerful options to cost-effectively improve their audio offering to their customers. By licensing WiSA E, brands can embed superior audio performance in their products while reducing overall BOM cost.”
How This Affects WISA Stock Today
With this license news comes heavy trading of WISA stock on Monday. That has a massive 49 million shares of the stock changing hands as of this writing. This is an incredible surge in trading volume compared to the company’s daily average of about 2.2 million shares.
WISA stock is up 57.7% as of Monday morning. However, the stock was down 98.6% since the start of the year as of Friday’s close.
Investors seeking out even more of the most recent stock market stories today are going to want to stick around!
InvestorPlace is offering up all of the hottest stock market coverage that traders need to know about on Monday! Among that is what has shares of Hawaiian Holdings (NASDAQ:HA) stock up today, the biggest pre-market stock movers this morning and more. All of that news is ready to go at the links below!
More Stock Market News for Monday
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.
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