Micro Cap Bid Up Heavily Before Opening Bell

Yolowire 21-Feb-2024 9:42 AM

A China-based media company is turning heads so far during Wednesdays premarket after the company announced hat it has launched new AI-powered applications for the international market. According to the release, the company expects to further develop and enrich its suite of %AI products by actively integrating AIGC technologies.

Traders were eager to get their hands on shares of %SoundGroup (NASDAQ:SOGP) following the announcement, with the current bid at $4.83/share (+68.00% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!

Sound Group Inc. is a global audio-centric social and entertainment company driven by a clear mission and vision: building the worlds largest audio platform to better connect and communicate. The Company is dedicated to shaping a future where audio not only bridges gaps but also amplifies human connection through the power of sound. Sound Group Inc. has been listed on Nasdaq since January 2020.

COMTEX_448129525/2797/2024-02-21T09:37:37