Small Cap Gainers: SKYT, YI, GOTU
2:58 pm Tuesday, August 24th, 2021
Skywater Technology Inc (NASDAQ: SKYT) stock soared 27% to $26.24 after the company and Rockley Photonics (RKLY) today announced an expansion of their relationship, which sees co act as a strategic supplier for Rockley in the US, to include wafer back-end-of-line processing for Rockley’s spectrophotometer-on-a-chip health monitoring solution.
111 Inc – ADR (NASDAQ: YI) Rises on above 8x average volume, gaining to one-month highs in a generally strong session for Chinese names. The company will release results for Q2 before the open this Friday, August 27. 111, Inc. operates an integrated online and offline platform in the healthcare market in the People’s Republic of China. It operates through two segments, B2B and B2C. The company sells medical and wellness products through online retail, and wholesale and retail pharmacies, as well as provides value-added services, such as online consultation services and e-prescription services to consumers.
Gaotu Techedu Inc (NYSE: GOTU) sees continued volatility on higher than average volume, improving off of yesterday’s record lows. Chinese tutoring industry names generally move higher today. Gaotu Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People’s Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.
