Why Luokung Technology Stock Skyrocketed Today
Shares of Luokung Technology (NASDAQ: LKCO) extended their recent torrid gains on Tuesday. By the close of trading, the provider of location-based services for self-driving vehicles had delivered gains to investors of more than 88%.
Luokung's stock price is up a staggering 320% since Feb. 4. On that day, Luokung announced that its acquisition candidate, eMapgo Technologies, agreed to partner with electric vehicle maker Beijing New Energy Automobile (also known as BAIC BJEV) to develop mapping services for autonomous driving projects.
Luokung Technology's share price has soared since it partnered with a major Chinese EV maker. Image source: Getty Images.
Source Fool.com
