Nocera Shares Volatile as Small Nasdaq Company Shifts to AI
Nocera Inc. shares dropped in premarket trading Wednesday, pulling back following a strong gain Tuesday. The move comes after the company said it will transform into Nocera Holdings, aiming to become a tech-focused acquisition firm. Nocera closed at $0.2999 Tuesday, up 22.8%, but was at $0.2649 ahead of the open at 7:51 a.m. EDT. Nocera is making its move now as it looks to shift from its fish-trading and e-commerce roots into the busy markets that have pulled in the most investor attention: artificial intelligence, data centers, robotics, biotech, blockchain and digital assets. Broader market action helped. The Nasdaq Composite rose 1.2% to close at a record Tuesday. The Russell 2000 small-cap index jumped 1.8% after U.S. markets reopened following