Stock in the News in Focus: KAVL, INBS, CLNV, PRSNF / PRSN.V, VTAK

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Most investors who are consistent with their performance in the stock markets are known for keeping their eyes on the latest news like hawks. This feature would provide you with a look into stocks that have been in the spotlight among investors owing to recent news.

Kaival Brands Innovations Group Inc. (NASDAQ:KAVL) The company saw its stock make a major move on Thursday, as it ended up with gains of 9.08% amidst trading volumes that were three times the average daily volume.

Kaival Brands Innovations Group Inc., which is involved in the distribution of products manufactured by Bidi Vapor LLC, announced yesterday that it had shipped a bulk order of BIDI Sticks valued at more than $750,000. The products were shipped to one of the biggest wholesale distributors in the United States, HT Hackney Co. The order was shipped during the fourth quarter of 2023.

Intelligent Bio Solutions Inc. (NASDAQ:INBS) On September 14, it was one of the companies that had seen its stock trend higher. The company, which is involved in providing non-invasive, fast, and intelligent testing solutions, was in the news on September 8.

At the time, Intelligent Bio Solutions Inc. announced that it had hit a major milestone with the addition of tramadol and ketamine to its Intelligent Fingerprinting Drug Screening System offering. The latest assays for the testing of both drugs passed the initial design phase at the company. The company revealed that it was ready to be scaled up and then moved on to clinical trials.

Clean Vision Corporation (OTC:CLNV): The emerging sustainable clean technology company was in focus yesterday as its stock ended the day with gains of 10.05%. On September 7, Clean Vision Corporation announced that the proceeds from the forgivable loan worth $1.75 million had been disbursed.

It had been disbursed in line with the Memorandum of Agreement that the company entered into with the West Virginia Department of Economic Development on June 1, 2023. As per the terms of the funding, the company would need to create at least 40 jobs in three years to be eligible for loan forgiveness.

Personas Social Incorporated (OTC:PRSNF) (PRSN.V) Yesterday, the company announced that it had launched marketing initiatives related to its social media offering, Keek. The news created significant buzz about the Personas Social Incorporated stock as its trading volume went up tenfold from its average daily volume on Thursday.

The company revealed yesterday that the pre-launch phase had been completed and that it would begin marketing Keek to users on September 15.

Catheter Precision Inc. (NYSE American:VTAK) On August 31, the company announced that it had entered into a distribution partnership with the Singapore-based medical device distribution firm Somnotec (S) Pte Ltd.

Catheter Precision Inc. announced that Somnotec would be responsible for distributing its LockeT closure device in the markets of Malaysia, Indonesia, the Philippines, Singapore, and Brunei. The interim Chief Executive Officer of the company, David Jenkins, noted that LockeT was its latest offering and that the company wanted to expand its footprint beyond the United States.