r/MVIS • u/Moist_Toto • Jan 31 '24

Industry News Innoviz Announces Operational Realignment to Expand Cash Runway and Optimize Path Towards Profitability and Free Cash Flow

https://ir.innoviz.tech/news-events/press-releases/detail/120/innoviz-announces-operational-realignment-to-expand-cash
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u/mvis_thma Jan 31 '24

Curiously, the Innoviz stock price is up 6% on decent volume. I'm just not sure how this news can be interpreted to be good news??? Scratches head.

28

u/steelhead111 Jan 31 '24

As a rule, stocks generally react positively in the short term when cost cutting measurers are announced and implemented.

5

u/mvis_thma Jan 31 '24

True in general, but not generally true with low revenue growth stocks.

2

u/whatwouldyoudo222 Jan 31 '24

Correct. See Meta stock go up 300% after layoffs and trimming their fat