Movano Stock Soars 177% On Announcing All-Stock Merger With AI Cloud Firm Corvex

Group 1 - Movano Inc. (MOVE) experienced a significant stock price increase of 176.62 percent, reaching $13.19 following the announcement of an all-stock merger with Corvex, an AI cloud computing firm [1] - Corvex focuses on GPU-accelerated infrastructure and will utilize its Amplified AI Cloud platform to enhance its capabilities in large-scale, secure AI computing as part of the merger [1] - The merger will enable Corvex to go public as a result of the deal [1] Group 2 - After closing at $4.77, MOVE's stock is currently trading at $14.98, with fluctuations between $10.76 and $21.23 on the Nasdaq [2] - The trading volume surged to 40.8 million, significantly higher than its average of 0.24 million [2] - The 52-week range of MOVE shares is between $4.67 and $69.68 [2]