Market Globalist

Why MoSys Inc. (MOSY) stock could not keep its positive momentum in the after-hours on Friday?

MoSys Inc. (MOSY) stock surged 50.52% to close Friday’s session at $4.35. But it could not keep the streak going on in the after-market session and lost 5.98% to close the week at $4.09 per share. MOSY shares have risen 195.92% over the last 12 months, and they have moved up by 32.62% in the past week. Over the past three months, the stock has lost 14.71%, while over the past six months, it has surged 210.71%.

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Let’s try to find out the reasons behind its loss and gains on Friday.


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Recent financial result announcement

On May 6, 2021, MoSys Inc reported its financial results for the first quarter ended March 31, 2021.

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Q1 2021 financial highlights

Expandingpatent portfolio

On April 12, 2021, MoSys Inc expanded its patent portfolio by purchasing five patents in the area of search and classification algorithms.

Q4 and FY2020 financial results announcement

On March 4, 2021, MoSys Inc released financial results for the fourth quarter and the fiscal year ended December 31, 2020.

Q4 financial highlights

Conclusion

MoSys exceptional gain and minor loss of Friday had no reason. We were unable to find any recent news which could be linked to its mixed performance on Friday. we have to wait and see how MOST stock commences the new week trading on Monday.

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