24/7 Market News Lunch Break 6 Oct 2023

DENVER, Colo., Oct 5, 2023 ( The following companies published announcements or are trading higher on higher-than-usual midday volume; ParaZero Technologies (NASDAQ: PRZO), NuScale Power (NYSE: SMR), Siyata Mobile Inc. (NASDAQ: SYTA), Vaccinex (NASDAQ: VCNX), (NASDAQ: OSTK), and Cytokinetics (NASDAQ: CYTK).


Australian Regulator Approves First Commercial Drone Flights in Populated Areas and Near People Using ParaZero Safety Systems– ParaZero Technologies (NASDAQ: PRZO) is the only news we featured this morning, because we haven’t liked how the markets traded this week. It was at 74-cents when we covered it, then hit a high of $1.42, and it’s now trading at $0.99, up $0.34 (+53.06%), on 82.64M shares traded. We cautioned that it would trade better in the morning, but would glad to be wrong, if it makes

Standard Power Chooses NuScale’s Approved SMR Technology and ENTRA1 Energy to Energize Data Centers– NuScale Power (NYSE: SMR) is trading at $5.31, up $0.63 (+13.47%), on 9.28M shares traded.


Today’s momentum movers include;

Siyata Mobile Inc. (NASDAQ: SYTA) announced, Wednesday, that it received an order from the U.S. federal government for its Hero Series UM50 FN cellular boosters, and has been in breakout mode, which we’ve covered since it was around the $2 level. Today’s buying appears to be propelled by short covering and it appears to be ready to challenge the $3.50 key inflection point that we spoke of last week. It’s trading at $3.32, up $0.13 (+4.08%), 77.3K shares traded.

Vaccinex (NASDAQ: VCNX) is higher after two insider stock purchases were reported after yesterday’s market close. It’s trading at $1.08, up $0.26 (+31.52%), on 15.55M shares traded. (NASDAQ: OSTK) is trading at $17.78, up $2.06 (+13.10%), on 2.67M shares traded.

Cytokinetics (NASDAQ: CYTK) is trading at 30.82, up $3.35 (+12.18%), on 776.29K shares traded.

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Link to SYTA disclosure here-

Cautionary Statement Regarding Forward Looking Information

Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.



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