CEVA Stock Is Near a Breakout: The AI Licensing Signal Traders Are Watching
CEVA, Inc. shares held near their highest levels in a year before Thursday’s open, last quoted around $38 after a 4.4% jump in the prior session. The Nasdaq-listed chip-licensing company closed Wednesday at $38.03, while StockAnalysis showed it indicated at $37.98 in pre-market trade at 5:14 a.m. EDT, below a 52-week high of $39.94. The timing matters because the regular Nasdaq session had not yet opened, leaving the early move to thinner pre-market trading. Nasdaq lists pre-market trading from 4:00 a.m. to 9:30 a.m. Eastern, regular trading from 9:30 a.m. to 4:00 p.m., and the next U.S. market closure as Memorial Day on May 25.