Why NanoVibronix Inc. (NAOV) stock popup in the after-hours on Friday?

NAOV Stock
NAOV Stock

NanoVibronix Inc. (NAOV) shares surged 6.06% in after-hours on Friday, January 07, 2021, and closed the daily trading at $1.05. However, in the regular trading session of Friday, NAOV’s stock lost 3.88%. NAOV shares have risen 12.51% over the last 12 months, and they have moved down 4.81% in the past week. Over the past three months, the stock has lost 41.76%, while over the past six months, it has gained 22.69%.

Let’s see what are the latest news and developments about the company?

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NAOV participation in the upcoming conference

NanoVibronix Inc., (NAOV), will be featuring as a presenting company at the H.C. Wainwright BioConnect Virtual Conference, which is to be held on January 10-13, 2022.

Brian Murphy, Chief Executive Officer of NanoVibronix, will present the company during the conference.

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NAOV distribution network expansion

On January 06, 2022, NanoVibronix Inc., (NAOV), announced the addition of Delta Medical, LLC, a Service-Disabled Veteran-Owned Small Business to the company’s eco-system of distribution channels to help drive sales of its PainShield products to Veteran’s Administration hospitals and healthcare facilities.

Earlier on January 5, NAOV signed a 2 years distribution agreement with Applied Medical Solutions for the sale and distribution of its PainShield products to Veterans Administration facilities located throughout the United States. AMS has also signed Delta Medical as a sub-distributor to help significantly expand its access to physicians at more than 1700 targeted VA facilities.

NAOV expansion in European markets

On December 21, 2021, NanoVibronix Inc. commenced sales in Europe with the signing of a distribution agreement with Medina Healthcare Ltd in Malta. NAOV already obtained regulatory approval to sell a range of devices into all European countries. Medina Healthcare Ltd. provides a comprehensive range of medical solutions that address the changing needs of European healthcare.

The special meeting of stockholders

NanoVibronix, Inc. (NAOV) special meeting of Stockholders, scheduled for 10:00 a.m. Eastern time today, December 21, 2021, was adjourned due to lack of Quorum and to allow for more time for stockholders to vote.

The Company will continue to solicit proxies from its stockholders with respect to the proposal outlined in the Company’s proxy statement. The meeting was scheduled for December 29, 2021, at 10:00 a.m. Eastern time and will be held virtually online.

NAOV showcased its painsheld products

On December 08, 2021, NanoVibronix, Inc., (NAOV), showcased its PainShield products at the Workers’ Compensation Institute’s (WCI) 75th Annual Workers’ Compensation Educational Conference, which was held on December 12-15, 2021 at the Orlando World Center Marriott in Orlando, Florida.

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Well, we have no valid reason for its loss and gains on Friday. we hope that it will continue to climb up in the coming trading sessions.


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