Why Microvision Stock Is Surging

Microvision Inc MVIS is trading significantly higher on above-average volume Tuesday after the company was granted a U.S. patent for "Alteration of resonant mode frequency response in mechanically resonant device."

Microvision's average session volume over a 100-day period is 5.54 million, according to data from Benzinga Pro. Tuesday's trading volume has already exceeded 21 million at publication time. 

What Else Is Moving The Stock? 

• Microvision has also gained alongside the overall market Tuesday as investors weigh the potential impacts of ceasefire negotiations between Russia and Ukraine.
• A drop in U.S. Treasury yields has also helped lift the broader tech sector. 

Microvision is engaged in developing a lidar sensor to be used in automotive safety and autonomous driving applications.

See Also: Why Nvidia Stock Is Trading Higher Today

MVIS 52-Week Range: $2.61 - $28

The stock was up 30.3% at $5.45 at time of publication.

Photo: courtesy of Microvision.