Power Solutions International Inc (NASDAQ:PSIX) shares are trading higher by $2.10 (28 percent) at $8.50 in Tuesday's session.
After Monday's close, the maker and distributor of cleantech engines and power systems for the industrial and on-road sectors reported a $60 million investment from Weichai America.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
That news instigated a much higher opening print, which had some follow through until finding sellers at $10.78 and reversing course. That high is just below a series of five consecutive highs from December 16 to December 20 in the $10.89 to $11.05 range.
Since reaching that elevated level, Power Solution's stock declined to $8.27 and isn't far off that level. In order to reach the upper-end of Monday's range, it would need to reach $6.55.