Stocks Creating Buzz Look Now: VTAK, AMST, HOOK, MULN, KAVL

April 26, 2024 at 07:20 AM EDT

There are several companies that have come into focus in recent days owing to one reason or another, and it could be a prudent move to take a look at some of those. This feature would provide a closer look into some of those.

On April 24, 2024, Catheter Precision Inc. (NYSE American: VTAK), a renowned medical technology firm recognized for its VIVO™ and LockeT cardiac electrophysiology products, achieved a significant milestone by securing a purchase order for LockeT from HCA Healthcare Inc. (NYSE: HCA). This achievement holds immense importance for Catheter Precision, given HCA Healthcare's status as a leading U.S. healthcare services provider, generating a substantial $64 billion in revenue in 2023. Operating 186 hospitals across 2,400 care sites in 20 U.S. states and the UK, HCA Healthcare's order signifies the potential use of up to 1,000 LockeT devices annually across various medical specialties. The potential inclusion of additional prestigious academic institutions in the near to mid-term should not be unexpected.

Catheter Precision Inc. (NYSE American: VTAK) emerged as one of the top performers in Wednesday's trading session, surging by 26.18% to $0.58 on April 24, 2024, with trading volume reaching 8.58 times the average. Additionally, the stock closed above key moving averages (10-, 20-, 50-, and 200-Day DMA’s), indicating a robust upward trend and entering breakout territory. These favorable indicators, combined with multiple bullish signals, underscore VTAK as a stock deserving close attention. On April 5, 2023, Ladenburg Thalmann set a target price of $4, see buy recommendation.

Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company, specializes in delivering cloud-based learning platforms for both educational and business purposes. On April 24, Amesite Inc. unveiled the completion of the beta release of NurseMagic, its innovative and proprietary app designed specifically for nurses. This web-based application harnesses the capabilities of artificial intelligence to offer user-friendly tools to over 5.2 million nurses, streamlining their daily tasks. Moreover, NurseMagic includes accredited Continuing Education (CE) programs, enabling nurses to fulfill licensing requirements.

On April 24, 2024, HOOKIPA Pharma Inc. (NASDAQ: HOOK) gained attention for its development of novel immunotherapeutics using its arenavirus platform. The company announced the clearance of its Investigational New Drug (IND) application by the United States Food and Drug Administration (FDA) for HB 700. This product is a distinctive arenaviral therapeutic vaccine designed for the treatment of KRAS-mutated cancers.

On April 22, 2024, Mullen Automotive Inc. (NASDAQ: MULN), an up-and-coming electric vehicle manufacturer, revealed the completion of the initial phase of its battery pack assembly line. Situated in Southern California, the Mullen Automotive Inc. facility is dedicated to producing the next generation of American-made electric vehicle battery packs. These battery packs play a crucial role in Mullen Automotive's pledge to zero emissions.

Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) The company is known for being the exclusive distributor of Bidi Vapor LLC products, particularly the BIDI® Stick, tailored for legal-aged nicotine users in the U.S. On March 25, Kaival Brands disclosed its financial results for the first quarter of fiscal 2024, ending on January 31, 2024. The company reported strong revenues of $3.2 million for the quarter, a notable increase from the previous year’s $2.5 million. In 2022, a significant agreement was forged with Phillip Morris Products SA (NYSE: PM) for the distribution, advancement, and development of VEEBA®, a disposable vape product, similar to BIDI® Stick. VEEBA® aims to provide convenience and simplicity for legal-aged nicotine users, offering a wide range of globally available flavors. Both companies are aligned in their mission to combat cigarette smoking.

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Stocks Creating Buzz Look Now: VTAK, AMST, HOOK, MULN, KAVL

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