Lightwave Logic, Inc. (OTCMKTS:LWLG) stock is moving up sharply following a 80% last week as investors are reacting to the company’s announcement this morning. Moreover, the stock made a new 52-week high.
Lightwave Logic Announces Inclusion in the Solactive EPIC Core Photonics EUR Index
- announced that it will be added to the Solactive EPIC Core Photonics EUR Index NTR as part of the index’s semi-annual additions.
- The Solactive EPIC Core Photonics EUR Index NTR aims to present the performance of a portfolio of publicly listed global companies which derive at least 66% of their revenues from photonics manufacturing activities. The current 59 member securities are weighted based on their free float market capitalization, subject to certain weight caps.
- Solactive is a leading provider of indexing, benchmarking, and calculation solutions for the global investment and trading community.
Key Quote from
“Earning our inclusion in the Solactive EPIC Core Photonics EUR Index, one of the most widely cited performance benchmarks for photonics companies, is an important point of recognition for Lightwave Logic shareholders,” said Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic. “The index includes global public companies with a common theme of optoelectronics, photonics, and optical technologies in general that range from components, modules, manufacturers, and optical network system companies.
Market Reaction: Investors Give Thumbs-Up
As of 9:46, LWLG stock soared by 24% at $4.02. The stock has traded 530K shares, well above its average volume of 273K shares. The stock opened at $3.465 and moved in a range of $3.44 – 4.07.