Summit Wireless Technologies Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Information Technology : Semiconductors & Semiconductor Equipment |
Company profile

Summit Wireless Technologies Inc., formerly Summit Semiconductor, Inc. is an early-stage company that develops and sells wireless audio integrated circuits for home entertainment and professional audio markets. The Company develops and provides semiconductors and wireless audio modules to consumer electronics companies, which transmits and receives audio directly to speakers. Its technologies focus on providing wireless, interference free and uncompressed high-definition audio signals. Its subsidiaries include Summit Semiconductor, Inc., Summit Semiconductor K.K., and WiSA, LLC.

Postmarket

Last Trade
Delayed
$2.35
-0.06 (-2.49%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$2.41
Day's Change
-0.22 (-8.37%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
2.54
Day's Low
2.29
Volume
(Average)
Volume:
464,301

10-day average volume:
425,464
464,301

Apple's stock rises toward longest win streak in over a year after Wedbush boosts price target

7:23 am ET May 12, 2020 (MarketWatch)
Print

Shares of Apple Inc. (AAPL) rose 0.7% in premarket trading, putting them on track for a seventh straight gain, after Wedbush analyst Dan Ives raised his price target, saying he believes the technology behemoth is laying the ground work for the next chapter of growth. The last time the stock rose for seven-straight sessions was the nine-day win streak ended April 8, 2019. The stock has rallied 9.0% over the past six days to close Monday at the highest level since Feb. 20. Ives raised his price target to $350 from $335 while maintaining his outperform rating, "reflecting our further confidence that the eye of the storm is in the rear view mirror for Apple from both a demand and supply chain perspective." He said Apple's "rock solid" services business has been a savior for the company amid the COVID-19 pandemic, while the new iPhone 12 should start the road to recovery, as it should kick off an upgrade cycle for Apple's large installed base. The stock has gained 7.3% year to date through Monday, while the Dow Jones Industrial Average has dropped 15.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 12, 2020 07:23 ET (11:23 GMT)

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