WiSA Technologies: A hidden gem in the stock market?

WiSA Technologies stock is seeing a significant increase in trading volume, with heavy pre-market trading activity on Friday.

This follows a similar rally on Thursday, with over 96 million shares changing hands, resulting in a 29.1% increase in the company's stock price.

The filing reveals that Goldman Sachs holds 9,146,446 shares of WISA stock

Why Now Wisa is Up?

While there is currently no news to explain the sudden interest in WISA shares, a recent filing with the U.S. Securities and Exchange Commission (SEC) may provide some insight.

The filing reveals that Goldman Sachs holds 9,146,446 shares of WISA stock, making them a more than 10% shareholder in the company, even if it’s through indirect ownership of the shares.

This news could be a major factor in the current rally of WISA stock, as it indicates the investment bank's confidence in the company. Additionally, WISA is a penny stock, which are known for being more volatile and subject to more extreme rallies and retreats.

It's worth noting that WISA Technologies specializes in wireless audio solutions and technology

Wireless Audio Solutions

It's worth noting that WISA Technologies specializes in wireless audio solutions and technology, it has been growing its product lines and expanding into new markets. They have been seeing a steady increase in revenue and profitability, which is a positive sign for investors.

WISA Technologies stock has been seeing a significant increase in trading volume and stock price, following news of Goldman Sachs holding shares in the company. While the stock is considered a penny stock and can be more volatile, the company has been seeing steady growth in revenue and profitability, which could be a positive sign for investors. As always, it's important for investors to do their own research and consider the risks before making any investment decisions.