Why Veritone Inc. Stock Skyrocketed 27.5% Today
Shares of Veritone Inc. (NASDAQ: VERI) popped 27.5% on Wednesday despite no company-specific news. There were no new analyst upgrades, market reports, press releases, or SEC filings that normally precede significant moves like this one.
Note, however, that this pop brings shares to almost exactly where they stood a week ago; Veritone stock has dropped by roughly the same amount over the past several days, in part after its CEO, Chad Steelberg, told Reuters the AI platform specialist may raise additional capital in the equity markets in 2018.
IMAGE SOURCE: GETTY IMAGES
Source: Fool.com