Why Veritone Inc. Stock Skyrocketed Today
Shares of Veritone Inc. (NASDAQ: VERI) were up 28.7% as of 12:45 p.m. EDT Friday after Roth Capital Partners analyst Brian Alger defended the artificial intelligence specialist in the wake of a skeptical comment made earlier this week by short-seller Citron Research.
Veritone shares plunged more than 30% on Wednesday, then plunged another 20% on Thursday after Citron sarcastically tweeted that Veritone "is not artificial intelligence, more like natural stupidity." Citron then suggested Veritone stock "should trade right back to $20."
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Source: Fool.com