Mobilcom stock rockets on heavy volume after ‘commercial scale’ order from drones-maker Teledyne

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Shares of Mobilcom Ltd. blasted 94.7% higher in very active trading, to pace all premarket gainers Monday, after the provider of cybersecurity offerings for...

Shares of Mobilcom Ltd. MOB blasted 94.7% higher in very active trading, to pace all premarket gainers Monday, after the provider of cybersecurity offerings for drones and robotics announced a purchase order from Teledyne Technologies Inc. TDY. Trading volume jumped to 9.3 million shares, which compares with the full-day average of about 71,100 shares. Mobilcom said the order was on a “commercial scale” but did not provide financial terms.

7% higher in very active trading, to pace all premarket gainers Monday, after the provider of cybersecurity offerings for drones and robotics announced a purchase order from Teledyne Technologies Inc. TDY . Trading volume jumped to 9.3 million shares, which compares with the full-day average of about 71,100 shares. Mobilcom said the order was on a “commercial scale” but did not provide financial terms.

 

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