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Socket Mobile Share Price Surges After Announcing Cover Launch

Updated: 22 Mar 2021

If you are looking for a big stock mover today, then look no further than Socket Mobile Inc (NASDAQ:SCKT)…

The company has seen a 163% rise in its share price in premarket trading after announcing the launch of its DuraSled for Xcover Pro product.

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Socket Mobile provides companies with mobile barcode scanners with native data capture.

Its DuraSled product is a casing for the barcode scanners to protect it from falls and provides a charging solution.

Socket Mobile's Senior Product Manager Vanessa Lindsay noted that: “The XCover Pro is the ideal unit to help companies deal with the challenges of today's fast-moving world, providing both durability and long-cycle longevity. For many applications, you also need professional-grade scanning solutions, which is why the DuraSled for XCover Pro is the ideal product to deploy your mobile solutions. This powerful combination will provide customers with a winning solution and deliver a real return on investment.”

After the announcement Socket Mobile's share price exploded higher to $3.84 per share, a 163% rise. The company's stock price hasn't had the best year so far and is currently down -9.31%, but after today's recent announcement and surge premarket; we could see that turnaround.

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