The MoSys Inc (NASDAQ:MOSY) stock seemed to be on the path to recovery yesterday as it went up by 9% amidst fresh interest from investors. Despite the gains recorded yesterday, it is necessary for investors to keep in mind that the stock is still down by as much as 26% over the course of the past month.
While the recovery might be good news for many shareholders, it is necessary to note that there has been no news about the company in recent days and the rally might have been speculative in nature.
The last major news about the IP solutions and semiconductor solutions provider emerged back on June 29 this year when MoSys announced that its silicon had been chosen by APS Networks.
APS Networks is going to use the silicon from MoSys for enhancing the performance, functionality and quality of connection of its Advance Programmable Switches. The switches in question are actually meant for enhancing the internet experience of broadband customers. It goes without saying that it was a significant development for the company and investors could consider keeping an eye on any fresh news with regards to the company in the coming days.
On Thursday, MOSY stock was up 8.87% at $4.91 with more than 2.83 million shares, compared to its average volume of 6.77 million shares. The stock has moved within a range of $4.3000 – 4.9700 after opening the trade at $4.55. Over the past 52-week, the stock has been trading within a range of $1.3200 – 10.7500.