Movano Inc. (MOVE) jumped 176.62 percent to $13.19 on Monday after the company announced an all-stock merger with Corvex, an AI cloud computing firm focused on GPU-accelerated infrastructure.
Through its Amplified AI Cloud platform, Corvex will expand its push into large-scale, secure AI computing and go public as a result of the deal.
After closing at $4.77, MOVE is now trading at $14.98. Since opening at $13.52, the stock has fluctuated between $10.76 and $21.23 today on the nasdaq. The trading volume jumped to 40.8 million, which was significantly higher than its average of 0.24 million.
The 52-week range of the shares is $4.67 to $69.68.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.