XMax Stock Stays Close to Highs as 200 Million Shares Face Investors
XMax Inc. shares ended Monday mostly flat, holding close to their highest level in a year as the company said it will ask shareholders to vote on a proposal that could clear the way for large new stock sales to support its artificial intelligence efforts. XMax finished the session at $8.56, up a penny. The stock traded from $8.44 to $8.67 during the day. It's still just below a 52-week high of $8.83. Shares have stayed near that level despite the recent run, putting XMax in a spot that’s hard to compare with its past life as a small furniture stock.
