Call it the “IBC” effect. Fresh from its appearance at IBC2017 in Amsterdam, a major media technology conference with global participants, Veritone Inc. shares soared an incredible 35%, to a new record high of $46.20, in trading on Wall Street Tuesday.
One month ago, Veritone shares sat at $7.87.
Now, Veritone sits high with a market capitalization of $691 million.
Today’s trading was far higher than normal, volume-wise, with 2.13 million shares trading hands. This compares to average volume for VERI stock of 196,100 shares.
As noted in RBR+TVBR‘s Weekly Tech Update, new partnerships with Dalet and Wazee Digital are boosting Veritone’s profile and business opportunities in a swift manner, attracting positive attention from business publication Barron’s.
Elsewhere on Wall Street, CBS shares jumped 1.9%, to $58.84, while iHeartMedia’s publicly traded “stub” slumped some 9.4%, to $1.45.
For a complete look at today’s closing prices, please visit the Wall Street Report on the homepage of RBR.com.