Shares of American lidar technology company Ouster Inc. (OUST) are up 25 percent on Wednesday despite no stock-related news to drive the shares.
Ouster began trading on the New York Stock Exchange under the symbol “OUST” from March 12. The company is a supplier of high-resolution digital lidar sensors for the industrial automation, smart infrastructure, robotics, and automotive industries.
The company’s stock has traded between $7.55 and $17.73 in the last 52-week period.
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