Shares of Rail Vision Ltd. (RVSN) surged over 60% on Wednesday morning after the company announced the first commercial installation of its AI-driven Main Line Systems in a national railway line.
RVSN is currently trading at $3.1900, up $1.2200 or 61.9289%, on a volume of 78 million shares, above average volume of 5.7 million, on the Nasdaq. The stock opened its trading at $2.3000 after closing Tuesday's trading at $1.9700. The stock has traded between $1.0100 and $23.3700 in the past 52-week period.
This commercial installation, which was previously announced on February 20, 2024, was a result of a successful evaluation process which led to the purchase of ten Rail Vision Main Line Systems by Israel Railways.
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