EYES Stock Increases Over 15% Pre-Market: Why It Happened

By Amit Chowdhry ● July 22, 2021
  • The stock price of Second Sight Medical Products Inc (NASDAQ: EYES) increased by over 15% pre-market. This is why it happened.

The stock price of Second Sight Medical Products Inc (NASDAQ: EYES) increased by over 15% pre-market. This is a continuation of momentum as the company stock price increased 12.21% yesterday, going from a previous close of $3.85 to $4.32.

Investors have been responding positively to the company receiving the European patent EP2839858. The patent is titled “Field focusing and mapping in an electrode array.” News about the patent quickly spread by investors on social media. From there, retail investors coordinated a short squeeze on the company shares.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.