Inpixon (NASDAQ: INPX) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company recently faced hurdles with regard to NASDAQ listing rules. However, this morning, it announced that it is now compliant, meaning that it will remain on the NASDAQ. Of course, this excited investors, sending the stock upward. Today, we’ll talk about:
- The news;
- what we’re seeing from INPX;
- and what we’ll be watching for ahead.
INPX Announces Compliance
As mentioned above, Inpixon is having an incredibly strong start to the trading session this morning after the company announced that it has regained compliance with the NASDAQ. In a press release issued early this morning, the company announced that it received a letter from The NASDAQ Stock Market LLC yesterday. The letter was sent to inform INPX that it has regained compliance with the minimum shareholders’ equity requirement for continued listing on The Nasdaq Capital Market.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dig into the market is that the news causes moves. In this particular case, the news proved to be overwhelmingly positive. With Inpixon announcing that it has regained compliance with the NASDAQ, the company will maintain access to public funds, supporting continued operations. So, it’s no surprise that the stock is headed up in the market this morning. At the moment (9:58), INPX is trading at $0.38 per share after a gain of $0.024 per share or 6.78% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on INPX. In particular, we’ll continue to follow the company’s efforts with regard to bringing its services to more clients and supporting more industries. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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