These 2 Nasdaq Small Caps Just Got Big Boosts
Thursday was another great day for the stock market, although the Nasdaq Composite (NASDAQINDEX: ^IXIC) lagged behind some other major market benchmarks. Nevertheless, the Nasdaq managed to gain almost a full percentage point by 12:30 p.m. EDT, and it moved to within just a few percent of all-time record highs.
Small-cap stocks don't always get as much attention as their larger counterparts, but they often have the best growth prospects. On Thursday morning, shares of Veritone (NASDAQ: VERI) and PAVmed (NASDAQ: PAVM) were among the top performers on the Nasdaq. Below, we'll look more closely at the news that moved these stocks, with an eye toward trying to figure out whether they'll be able to sustain their upward momentum.
Shares of Veritone were higher by more than 13% on Thursday morning. The provider of enterprise artificial-intelligence software announced a major deal that could play a key role in driving growth in the years to come.
Source Fool.com
