Major NYSE Stock Gains: SONX, FATH, EBIX
2:14 pm Wednesday, January 12th, 2022
Sonendo (NYSE:SONX) shares are up today continuing an upward trend that began on Monday. From market open on Monday through yesterday’s close, shares rose ~20%. Sonendo was buoyed on Monday from preliminary Q4 2021 revenue estimates of $9.7M to $9.9M.
Fathom Digital Manufacturing (NYSE:FATH) surged on Wednesday on heavy volume after the company presented at an investment conference earlier this week. At last check, Fathom Digital Manufacturing (FATH) shares were trading at $6.65, up 25.8%, as more than 8.2 million shares were trade. The average daily volume is just over 430,000 shares. On Monday, Fathom Digital Manufacturing (FATH) presented at the Needham Virtual Growth Conference, telling investors that it is at the center of the digital manufacturing revolution.
Ebix (NASDAQ:EBIX) shares were surging on Wednesday, a day after the Atlanta-based software company announced it won a contract to handle the management system for buses in the Indian state of West Bengal. EbixCash, a subsidiary of Ebix, will design, develop, build, install and maintain the management system for all state run buses, including Calcutta State Transport Corporation and West Bengal Transport Corporation. Shortly before 10:30 a.m. EST, Ebix (EBIX) shares were up more than 12% to $34.95 on heavier than normal volume. Over the past year, Ebix shares have fallen more than 10%.
