ShiftPixy Inc (NASDAQ: PIXY) is having an incredible day in the market today, and for good reason. The company announced news with regard to integrating artificial intelligence into its platform, leading to excitement among investors and sending the stock screaming for the top. Today, we’ll talk about the news, what we’re seeing from PIXY, and what we’ll be watching for ahead.
PIXY Announces Integration Of AI Tech
As mentioned above, ShiftPixy is having an incredibly strong day in the market after making an announcement with regard to the integration of artificial intelligence technology. In a press release issued early this morning, the company announced that it has leveraged the powerful Watson’s artificial intelligence engine across its platform.
In the release, PIXY, the disruptive workforce engagement platform provider, said that its current mobile gateway app now uses Watson to power its entire employee enrollment process. In a statement, Scott Absher, CEO at PIXY, had the following to offer:
Our new employees no longer have to fill out the burdensome pile of required new employee paperwork. By leveraging Watson’s artificial intelligence capabilities, new hires are guided by a conversation with our chatbot ‘Pixy’ who asks the necessary questions and generates the required employment documents in a highly personal and engaging way.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dabble in the market is that the news causes moves. In this particular case, the news proved to be overwhelmingly positive. After all, ShiftPixy announced AI news that will improve its employee services. So, it’s no surprise to see that the stock is making a run for the top in the market today. Currently (11:17), PIXY is trading at $3.15 per share after a gain of $0.34 per share or 12.10% 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 PIXY. In particular, we’re interested in following the story surrounding the company’s growth following the announcement of the integration of AI technology. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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