Rekor Systems, Inc. (REKR) is experiencing a decline in its stock price today, despite recent developments. The company announced that its vehicle recognition technology, Rekor Scout®, has been certified for New Jersey's $13 million public safety program. This certification is a significant milestone, potentially opening new market opportunities for Rekor in the public safety sector. However, the stock's performance does not reflect this positive news, as it continues to face downward pressure.
On Reddit, discussions are mixed, with some users expressing optimism about the stock's potential. One user noted, "REKR did 33% today. Buy and Hold. It'll definitely happen again. Just keep buying. Until you see 4$. Then take your profit." Despite this bullish sentiment, the stock's current trajectory suggests that investors remain cautious, possibly due to broader market conditions or skepticism about the long-term impact of the New Jersey certification.
Rekor Systems' stock is currently trading at $2.04, down 1.97% from the previous close of $2.08. The stock opened at $2.02 and has fluctuated between a high of $2.21 and a low of $1.98. Despite being just an hour into the trading day, the volume has already reached 5,693,629 shares, surpassing the average daily volume of 5,464,896.