Shares of the newly listed Wearable Devices (NASDAQ:WLDS) have continued to drop for the second day today after its $16 million IPO this week.
The drop also comes in the middle of broader market jitters on rising inflation. The company provides wearable technology and is developing a non-invasive neural interface wristband that enables a user to control devices via finger movements alone.
Its Mudra platform utilizes sensors, AI, and algorithms to allow control of devices without any physical contact. WLDS is developing the technology for B2B as well as B2C customers under its push-pull strategy.
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