On Wall Street, trading saw declines on Thursday before experiencing gains on Friday. Despite these fluctuations, the leading indices S&P 500, Dow Jones, and Nasdaq weakened by a combined rate of 0.1%-0.6% over the last two trading days of the week.
Several Israeli stocks stood out during trading, including Zoz Power’s merger with an American SPAC company that began trading on Nasdaq on Friday. The company, previously known as Chakratech, focuses on kinetic storage technology for fast charging of electric vehicles.
Radcom also experienced changes in leadership last week when its CEO Guy Shemesh announced his departure for personal reasons after being appointed two months ago. Hilik Itman will serve as interim CEO while the board searches for a permanent replacement.
In addition to these developments, one stock saw a 12.2% increase last week due to several reports of received orders totaling $35 million. Another company issued updates regarding a shareholders’ meeting and changes to its CEO’s employment terms. Gilat, a company that provides technological solutions in satellite communication, also saw an increase in its shares over the last year.
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Overall, the Israeli stock market remained active with various events happening over the last few days of trading.
