After a 50% jump on Friday, MoSys Inc. (NASDAQ:MOSY) is back in action on Wednesday as the stock soared another 40% on hefty volume.
The stock gained 39.31% to $5.27 on a hefty volume of 20.08 million shares within less than an hour of trade, compared to its average volume of 2.27 million shares.
There is no fresh development for today’s sudden follow-up rally.
Yesterday, the company announced that it will be adding support for optimized P4 (Programming Protocol-Independent Packet Processors) pipeline acceleration to its Stellar Packet Classification Platform IP family.
The solution, which is expected to be available to early access customers in Q3, 2021, can be easily integrated into P4 pipelines available from leading FPGA vendors.
MOSY stock has soared 71% over the past week and now about 30% away from its 52-week high of $7.02. Moreover, the stock is up 237% over the past six months.
Keep an eye on MOSY stock if the momentum continues.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.