Why SES AI Stock Surged 13% Higher Today
One trading day can make quite a difference in the life of a stock. This was well on display Monday with next-generation electric vehicle (EV) battery developer SES AI (NYSE: SES). The company's share price leaped more than 13% skyward on some good news with its stock listing. That advance was more than strong enough to crush the 1.5% increase of the bellwether S 500 index.
SES AI disclosed in a regulatory filing Monday, no doubt with immense relief, that it received notice from the New York Stock Exchange that it had regained compliance with the bourse's listing requirement. Specifically, this mandates that a Stock on the exchange must trade for about $1 per share for a 30-day period.
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Source Fool.com
