🟢 Wrap Technologies is trading 5.2% up today after a strategic transaction and new stockholder letter

Wrap Technologies is trading at $2.48 (+5.24%) after announcing a strategic transaction to acquire U.S. and NATO distribution rights for physics-based sensing technology and issuing a new letter to stockholders from the CEO and Chairman.

• The acquisition of distribution rights for physics-based sensing technology is a key strategic move that has significantly boosted investor sentiment.
• The stock is seeing strong follow-through buying and momentum after closing up +48.43% during the previous session on July 9.
• While broader market indices are slightly higher, the jump in share price is primarily attributed to these company-specific catalysts.