Why Rekor Stock Rocketed by 9.5% Today

Shares of traffic safety systems provider Rekor Systems (NASDAQ: REKR) jumped in Tuesday trading after the company announced that the Utah Department of Transportation and Utah Department of Public Safety will partner with its Waycare subsidiary on a test using artificial intelligence-based "traffic management technology to improve incident management, reduce response times, and support greater cross-agency collaboration in the Salt Lake City region."  

As of 11:40 a.m. EDT, Rekor shares were up by 9.5%.

Image source: Getty Images.

Continue reading

Source Fool.com