What's Going On With Wearable Devices Stock Wednesday?
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Wearable Devices (WLDS) shares fell 0.85% to $1.17 in premarket trading after announcing a $5M warrant inducement deal with an institutional investor. The deal involves the immediate exercise of warrants for 2,904,499 shares at $1.73 each, expected to generate $5M in gross proceeds for working capital. The stock is down 82.90% over the past year and is trading below key moving averages, indicating bearish momentum. Key resistance is at $1.40 and support at $1.10.
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