Dow Up, Aeluma Up
Aeluma shares rose $4.94 to end the day at $15.70 per share.
All three major indices rose today.
The NASDAQ rose 280.84 points.
The DOW rose 301.68 points.
The S&P rose 69.35 points.
Today's rally was broad lifting all three major benchmarks, with technology shares helping lead the advance.
All this as Aeluma shares rose $4.94 to end the day at $15.70 per share.
Aeluma's move was clearly supported by a same-day company announcement. The company announced that it had had secured more than $4 million in contracts for quantum materials and lasers, including work tied to a major semiconductor company, NASA, and the Air Force Research Laboratory. The release also said the awards span quantum and aerospace applications and support Aeluma's broader semiconductor platform.
Today's Aleuma rally was been driven by the announcement. Investors traded on renewed interest in the company and optimism about its future revenue prospoects.