CYN - Why AI-Powered Vehicle Supplier Cyngn's Stock Is Driving Higher | Benzinga
Cyngn Inc. (NASDAQ:CYN) shares are trading higher Tuesday after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere’s operation in Dubuque, Iowa.
The Details:
“We are thrilled to be working with Deere, a company that has a long history of producing cutting-edge technology that yields amazing products for its customers,” said Cyngn’s CEO, Lior Tal. “Our product offering achieves immense validation from being selected by a world-leading brand like Deere.”
Cyngn shares are moving on heavy trading volume following the announcement. According to data from Benzinga Pro, more than 160 million shares have already been traded in the session, compared to the stock’s 100-day average of just over 10 million shares.
Cyngn develops and deploys ...