CXApp rallies for second day along with parent Inpixon (update)
zimmytws
Shares of newly public CXApp (NASDAQ:CXAI) and parent (NASDAQ:INPX) soared for the second day in row Friday, with CXApp rocketing as high as 200% to hit a new 52-week high.
CXApp stock opened at $18.75, hitting a new high of $21 in early trading before plunging to a low of $11.50. The stock closed at $13.85, up 94%. It had hit a 52-week low of $1.21 on April 11, according to CNBC data.
CXApp merged with SPAC KINZ Technology on March 14 through a deal that valued the enterprise apps group at around $69M. The company is a spin-out of Inpixon.
Inpixon stock also got a boost Friday. Shares of Inpixon opened at $1.39, reaching an early high of $1.66 before sliding to a low of $0.80. The stock closed at $0.95, up 32% from Thursday's close of $0.72, when it gained 125%. It had hit a 52-week low on March 20 of $0.31, according to CNBC data.
Neither company appeared to release any news or make any SEC filings this week.
Inpixon released its Q4 earnings report on March 30, reporting a narrowed quarterly loss.