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

GE's stock bounces on heavy volume off of 29-year low, heads toward biggest gain in 2 months

1:23 pm ET May 18, 2020 (MarketWatch)
Print

Shares of General Electric Co. (GE) charged 14.5% higher in very active midday trading Monday, to bounce off the previous session's 29-year low, as part of a broader stock market surge (http://www.marketwatch.com/story/dow-futures-climb-300-points-as-feds-powell-says-dont-bet-against-american-economy-even-as-unemployment-could-rise-to-25-2020-05-17) amid investor optimism over the post-COVID-19 scenario. Trading volume swelled to 184.1 million shares, enough to make the stock the most actively traded on the NYSE, and already well above the full-day average of 122.8 million shares. GE's stock is on track for the biggest one-day gain in two months. The stock had tumbled 12.7% last week, amid a 5-day losing streak, to close Friday at the lowest price since December 1991, amid an increasingly downbeat view of the airline industry (http://www.marketwatch.com/story/ges-stock-craters-to-3-decade-low-as-airline-industry-outlook-darkens-2020-05-13). The industrial conglomerate has a big stake in the airline industry, as GE Aviation, which makes jet engines and components, is GE's largest business segment in terms of revenue. On Monday, however, a number of airline stocks soared off multiyear lows (http://www.marketwatch.com/story/airline-stocks-soar-on-upbeat-tsa-data-analyst-commentary-2020-05-18), as TSA data showed travel demand has steadily improved since hitting an apparent bottom a month ago. Also, the Dow Jones Industrial Average shot up 883 points, or 3.7%, amid upbeat comments from the Federal Reserve Chairman and hopes that a COVID-19 vaccine may be on the horizon. GE's stock, which is on track to recover almost everything lost last week, has still tumbled 51% over the past three months while the Dow has shed 16%.

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

(END) Dow Jones Newswires

May 18, 2020 13:23 ET (17:23 GMT)

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