Movella Up 72% as Taiwan Semiconductor Reports Stake
February 17 2023 - 2:42PM
Dow Jones News
By Josh Beckerman
Movella Holdings Inc. shares surged 72%, to $5.49, after Taiwan
Semiconductor Manufacturing Co. reported a 6.1% stake in Movella in
a securities filing.
Movella provides sensors, software and analytics focused on the
digitization of movement for markets including gaming, health,
sports and automation.
Shares had declined every day after Movella Inc. combined with
blank-check company Pathfinder Acquisition Corp. Pathfinder closed
at $8.58 on Feb. 10 and Movella ended the day at $6.20 in its
Nasdaq debut Monday.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 17, 2023 14:27 ET (19:27 GMT)
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