Group 1 - Akoustis Technologies' stock is experiencing significant gains due to the rollout of design updates in its RF filter manufacturing process [1] - The company has redesigned its XBAW manufacturing process to eliminate features patented by Qorvo, a change that dates back to Fall 2022 [1] - Despite a disappointing jury verdict, the company is prepared to move forward and address any potential injunctions from Qorvo regarding its legacy products [1] Group 2 - AKTS stock has seen heavy trading, with over 80 million shares exchanged, significantly higher than its average daily volume of approximately 1.2 million shares [2] - The stock price has increased by 157.8% as of Wednesday morning, although it remains down 82.8% year-to-date as of the previous market close [2] - The company's float is 93.24 million shares, with a short interest of 10.4% [2]
Why Is Akoustis Technologies (AKTS) Stock Up 158% Today?