RVSN - Why Is Rail Vision (RVSN) Stock Up 73% Today?
2024-01-16 08:03:55 ET
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Rail Vision (NASDAQ: RVSN ) stock is on the rise Tuesday despite a lack of news from the railway detection systems company.
Instead, investors can point toward heavy trading as the reason for RVSN stock rallying today. As of this writing, more than 5.4 million shares of the stock have changed hands. To put that in perspective, the company’s daily average trading volume is closer to 38,000 shares.
While there are no new press releases or filings from Rail Vision today, there is news from last week worth mentioning. That includes changes to the company’s board of directors following a credit facility deal.
RVSN Board Changes
As part of an agreement for a $6 million credit facility, Rail Vision has added Amitay Weiss and Hila Kiron-Revach to its board. In addition, Eli Yoresh is taking over as the board’s chairman. This has former Chairman Mark Cleobury continuing to serve as a director on the board.
With these new directors added, some have filed resignations. That includes Shmuel Donnerstein, Inbal Kreiss and Keren Aslan giving up their positions on the Board. Kiron-Revach is also replacing Kreiss on the board’s audit committee and compensation committee.
RVSN stock is up 72.7% as of Tuesday morning and has seen an 11% gain year-to-date as of Friday’s close.
Investors seeking out even more of the most recent stock market stories are going to want to stick around!
We have all of the hottest stock market news ready to go on Tuesday! That includes the biggest pre-market stock movers this morning, the latest news concerning TRX Gold (NYSEMKT: TRX ) stock and more. All of that news is ready to go at the links below!
More Tuesday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- TRX Stock Earnings: TRX Gold Misses Revenue for Q1 2024
- PCYO Stock Earnings: Pure Cycle Reported Results for Q1 2024
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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