The Mobiquity Technologies Inc (NASDAQ: MOBQ) stock price surged 79.9% despite the lack of news releases from the digital advertising and data intelligence company. The lack of recent news leaves us no voice but to look to previous news to try and find reasons for today’s rally.
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The company’s last releases were from April, with its very last news release being about integrating AI technology into its ATOS 2.0 ad platform. The company announced that it had added AI targeting for its political clients as the election season kicked off.
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Today’s rally can be attributed to positive sentiment from retail investors who flocked to the company and bought its shares. Over 10.12 million MOBQ shares had changed hands at the time of writing as retail investors swarmed into the stock.
The rally could also be a delayed reaction to all the positive news released by Mobiquity in the past as investors become aware of the company and its business. However, MOBQ stock had given up most of its gains at the time of writing.
Dean Julia, Mobiquity Technologies’ CEO, said: “Political campaigns have always constituted a key part of our business, and we have witnessed a growing demand as the election season begins. Our platform empowers campaigns to reach the right people, at the right time, with the right message, and we take pride in playing a role in the democratic process. Our AI-powered advertising platform has the potential to revolutionize political campaigns. By enabling more precise ad targeting, we can help campaigns connect with their target audience more effectively, ultimately leading to increased voter support and a higher likelihood of success.”
Another announcement from Mobiquity Technologies was the enhancement of real-time bidding with AI-powered ad targeting integrated into the company’s ATOS 2.0 solution. The decision enabled advertisers to optimize their ad placements in real-time, ensuring greater precision and improved campaign performance across multiple platforms.
The last news release at the start of April was about harnessing AI and bid-based learning to optimize advertising in an increasingly privacy-centric world. Today’s rally shows that investors are becoming aware of the potential posed by the company’s latest moves.
*This is not investment advice.
Mobiquity Technologies (MOBQ) stock price.
The Mobiquity Technologies (MOBQ) stock price surged 79.93% to trade at $0.2789, from Friday’s closing price of $0.155.
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