Stocks On The Move: AMV, BEAT, CCNC
3:49 pm Thursday, October 06th, 2022
Atlis Motor Vehicles (NASDAQ:AMV) stock is continuing its recent wild ride on Thursday with the company’s shares seeing massive gains. Atlis is still an incredibly new name in the public market. The electric vehicle (EV) company held an initial public offering (IPO) late last month. However, the offering wasn’t through the typical means; Atlis held a Registration A offering, which saw previously private shares added to the public exchange. There has been quite a bit of volatility surrounding IPOs lately and AMV stock hasn’t been immune. Since its IPO, shares of AMV have seen major drops. However, that’s turning around with today’s stock movement.
HeartBeam (NASDAQ:BEAT) stock is seeing gains on Thursday as investors react to news of it expanding its product portfolio pipeline. That expansion has the company working to develop arrhythmia detection capabilities. That includes its HeartBeam AIMIGo 3L, incorporating the function into more devices and adding support for smartwatches.
Code Chain New Continent (NASDAQ:CCNC) stock is soaring 102% today after the China-based company announced a broad, new deal with another Chinese company, Shanghai Highlight Media. Under the transaction, Shanghai Highlight will receive 9 million shares of CCNC stock. Additionally, the transaction calls for Code Chain’s subsidiary, Shanghai-based Makesi IoT Technology, to form a “variable interest entity,” or VIE, in partnership with Shanghai Highlight.