Why did MRAM's stock price hit a 52-week high?

MRAM's stock price hit a 52-week high of $7.08 on July 17, 2025, which can be attributed to several factors: 1. **Positive Earnings Report**: NVE Corporation (NVEC), a pioneer in spintronics technology, has demonstrated resilience in its latest Q1 2025 results. Despite a 24% drop in product sales due to distributor inventory overhang and semiconductor industry weakness, NVE showcased its ability to navigate turbulence through operational efficiency. The company's focus on high-margin direct sales and a refined product mix boosted gross margins, highlighting its strategic agility in challenging market conditions. 2. **CEO's Share Sale**: Everspin Technologies CEO, Sanjeev Aggarwal, sold a total of 30,004 shares on July 2 and July 3, 2025, for a total sale amount of $198,562. Such transactions are often seen as a strategic move by insiders to capitalize on share value and are typically viewed by investors as a sign of confidence in the company's future prospects. In conclusion, MRAM's stock price hit a 52-week high due to a combination of positive earnings report and CEO's share sale. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |MRAM|MRAM.O|Everspin|20250717|0.2890173410404691|185| |code|Ticker|Name|Date|Post-Market Percentage Change|Pre-Market Percentage Change|market_code| |---|---|---|---|---|---|---| |MRAM|MRAM.O|Everspin|20250717|-1.2968299711815667|7.080924855491332|185|