Shares of Arrive AI Ord Shs (NASDAQ:ARAI) surged dramatically Tuesday after the company announced it has secured a key U.S. patent for its AI-powered smart mailbox platform. Here’s what investors need to know.
What To Know: The new patent, the company’s eighth, focuses on the ability of its Arrive Points to heat and cool items on demand. This climate-control feature is a critical development for the secure delivery of temperature-sensitive goods.
“This element of our service delivery will be key for the healthcare industry for items like tissue samples and pharmaceuticals while also being a great convenience for other consumers,” said Arrive CEO Dan O’Toole.
The patent further enhances the platform with advanced features like explosive material detection, UV and ozone sterilization systems and intelligent package tracking.
“Continued focus on our intellectual property makes our Arrive Points more than just smart devices,” O’Toole added, positioning them as a universal data and access platform for the entire autonomous logistics industry.
Price Action: ARAI is trading at $11.30, a stunning 79.5% increase, on explosive trading volume. Over 31.5 million shares have exchanged hands Tuesday morning, crushing its 100-day average volume of approximately 354,000.
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How To Buy ARAI Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Arrive AI’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, ARAI has a 52-week high of $40.00 and a 52-week low of $4.61.
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