Trading on Wall Street saw gains on Friday, after a decline in the leading indices S&P 500, Dow Jones, and Nasdaq over the last two trading days of the week. Despite this, several Israeli stocks made headlines during this time.
Zoz Power completed a merger with an American SPAC company at the end of the week, with the stock debuting on Nasdaq on Friday. The company, previously known as Chakratech, focuses on kinetic storage technology for fast charging of electric vehicles. Zoz Power’s stock price fluctuated before and after the merger, with significant changes in value.
Radcom, a technology company providing network insights for communication providers, underwent a sudden CEO change. Guy Shemesh was appointed as CEO two months ago but recently announced his departure for personal reasons. The board of directors is in the process of finding a permanent replacement to lead the company forward.
Another stock that saw positive movement last week received orders totaling $35 million. Additionally, a shareholder meeting has been summoned to discuss updating the CEO’s employment terms. The CEO’s salary and bonuses are set to increase, pending shareholder approval.
Gilat, a company specializing in satellite communication technology, has seen a 23.8% increase in its shares over the past year. It is traded on both Nasdaq and the Tel Aviv Stock Exchange at a value of $347 million.
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