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Stock Alert: DMY Technology Group Up 13%

dMY Technology Group, Inc. II (DMYD) shares are rising on Wednesday morning trade as the Genius Sports Group Ltd. filed a registration statement in connection with its proposed business combination with dMY Technology. Further, Genius Sports reaffirmed its full-year 2020 projections, expecting revenue of approximately $145 million, and said it is on track for sustained strong performance in 2021.

The major U.S. indices are bullish on the day of the swearing-in of President Joe Biden.

Currently, DMYD shares are at $18.96, up 13.26 percent from the previous close of $16.74. The shares have traded in a range of $9.80 to $19.81 on average volume of 1,380,862, for the last 52 weeks.

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