What’s Going On With Our Bond (TG-17) Stock Today?

Shares of TG-17, Inc. (NASDAQ:OBAI) are rocketing Tuesday after the personal security company announced an official name change to Our Bond.

• Why is TG-17 stock shooting upwards today?

Our Bond, which produces an AI-powered personal security platform, filed a corporate statement with the SEC on Tuesday to change its name, which appears to be driving increased attention. The company is still producing the same security product and will continue to trade under its old name, TG-17, until Wednesday, according to the filing.

More than 30 million shares have changed hands on Tuesday, well above the session average of around 164,000, according to Benzinga Pro.

The company makes a mobile app that allows a “bond security agent” to track the user if they feel unsafe, order a car to specific locations or put an agent on standby. The platform has several advisors including the former police commissioner of the Boston Police Department, Seattle’s former chief of police and a former NYPD commissioner.

Stock Trading Significantly Below 52-Week High

OBAI Price Action: TG-17 shares were up 19.86% at $3.75 at the time of publication on Tuesday, according to Benzinga Pro data. The stock is significantly closer to its 52-week low of $3.07 than its high of $38.50. This positioning suggests that while the stock has rebounded slightly today, it remains near its lowest valuation point over the past year.

Image: Shutterstock