New U.S. Expansion Causes Brief Pop For Small Cap

New U.S. Expansion Causes Brief Pop For Small Cap

New U.S. Expansion Causes Brief Pop For Small Cap By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, November 29, 2022

A tech firm was turning heads on Tuesday after the company announced the U.S. expansion of its insurance offering with Ford Motor Company (NYSE:F).

This announcement sent shares of Wejo Group Limited (Nasdaq:WEJO) up to $1.06/share (+6.58%) at the session high.

Wejo Group Ltd is engaged in cloud and software analytics for connected, electric, and autonomous vehicles, revolutionizing the way people live, work and travel by transforming and interpreting historic and real-time vehicle data. The company enables Smart Mobility for Good smarter mobility by organizing trillions of data points collected from approximately 12 million vehicles and 66.8 billion journeys to date, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. The company partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers.


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