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Tag: SOGO

  • Sogou Inc. (SOGO) stock soared in the pre-market trading session: here’s why

    SogouInc, (SOGO) stock rose to $8.70 in the premarket trading session at the time of writing. This is a 5.84% rise. In the previous trading session, SOGO stock closed $8.22 which is a 3.40% gain. The number of shares that exchanged hands are 1.02 million which is higher than the average daily volume (within the past 50 days) of 0.73 million shares. In the last 12 months, SOGO stock has soared by 141.06% and in the past six months it shed -7.33%. Following that, the past three months the stock had lost -0.12%. In the past week the SOGO stock moved up by 8.87%. Right now, Sogou has a current market of $3.13 billion and the outstanding shares stood at 392.21 million.

    The positive movement in the SOGO stock recent pre-market trading session is due to the announcement on 30th March, by the company for being given the title Winner of 2021 Artificial Intelligence Excellence award.

    Sogou Inc. is a leading internet and AI company in China

    Sogou Inc. (SOGO) is a Chinese Internet Company which is an innovator of search and search-related services in People’s Republic of China. It is also a leader in China’s internet industry. In China, SOGO has become the world’s second-largest search engine on mobile platforms and has 4th largest Monthly Active Users in the country.

    Sogou’s product offerings and services includes Sogou Input Method which is a language input software for PC and mobile users. It also provides web games and mobile games related internet based operation services.

    Sogou Inc. is the winner of Artificial Intelligence Excellence award

    Sogou Inc. announced that it has been awarded Business Intelligence Group’s winner of the Artificial Intelligence Excellence.  The Business Intelligence Group analyzes this award based on the company’s artificial intelligence design and innovation. The judging panel consists of highly experienced business executives which shows that this competition is This award also examines the most significant and practical impacts it has or will have on challenges and problems people face. Business Intelligence Group (BIG) has had IBM and Johnson Controls like tech giants in the past who have been the winner of this award.

    Giving free of charge annual hardcopy to shareholders

    Previously on 18th March, Sogou stock had announced that it had filed a 20-F file with the Security and Exchange Commission which shows its annual report for the year ended 31st December 2020. The company has stated that the hard copy of the annual report will be given to any shareholder or holder of Company’s American Depositary Shares upon request and free of charge.

    SOGO stock excels in the AI-tech as well

    There is no doubt that China is leading the AI-tech race with its state-of-the-art technologies and innovations; Sogou Inc. is also actively participating in this race. Sogou Inc. has made a riveting breakthrough by creating the world’s first AI News Anchor which can be rendered to any scenarios and has life-like features. During COVID-19 pandemic the SOGO stock launched smart applications for the general public to gain authentic and authoritative news updates and public facilitating knowledge.

  • Top Gainers as Positive Market Sentiment Grows

    Top Gainers as Positive Market Sentiment Grows

    The markets are up this afternoon buoyed by hopes of a stimulus package and positive news from big pharma. Pfizer Inc [PFE] was surging earlier in the day on news that the company was in talks with Sanofi, Johnson & Johnson, and the European Union for a possible COVID-19 vaccine distribution deal. Though later news seems to indicate that the deal has hit a snag, it has nonetheless helped push optimism in the market.

    Another news driving market sentiment this afternoon is the launch of several IPOs that include that of Rackspace technology [RXT] and East Resources that has closed its IPO raising a gross of $300 million. IPOs at this time show that companies still have faith in the equity markets despite the volatility brought about by the COVID-19 pandemic. In this environment of optimism, there are big winners in individual stocks. Some of the biggest winners this afternoon are as below:

    MediciNova Inc [NASDAQ:MNOV]

    MediciNova Inc is one of the top gainers in the day and is up by 87.06%. The stock has rallied after the company announced that it had entered into a COVID-19 joint venture with BioComo and Mie University Japan. The vaccine will be developed using a human parainfluenza virus type 2 vector. Under the deal, MediNova now has exclusive rights to the development rights to make use of BC-PV for a SARS-Cov-2 vaccine.

    Commenting on the deal, MediNova CEO has stated that they were happy with this partnership as the world rushes to look for a COVID-`19 vaccine or cure. He added that it was interesting that they were looking at it from an intranasal formulation angle because it could help trigger local mucosal immunity.

    Sogou Inc [NYSE:SOGO]

    This is another top gainer this afternoon and is up 47%. The stock’s rally follows the company’s announcement that it would release its Q2 results on August 17th. The stock’s upside momentum is also buoyed by news that Tencent Holdings was looking to buy it out at $9 a share. This has seen the stock gap up and rallies towards the premium valuation that Tencent Holdings has placed on it. The news of a buyout has come at a time when the market is showing positive momentum.

    Ocugen Inc [NASDAQ:OCGN]

    Ocugen Inc is another top gainer in the day. The stock is up by 45% and is gaining. The rally follows news that the company had been given an Orphan Drug Designation by the FDA for RHO mutation gene-therapy treatment called OCU400. The company CEO stated that this was a major step towards a treatment for Retinal Degenerative Disease.