CXApp stock more than doubles, a day after it more than quadrupled

Shares of CXApp Inc.
CXAI,
+100.84%
skyrocketed 138.6% toward a record high in premarket trading Friday, a day after it blasted higher by 345.6%. Trading volume was 7.1 million shares, already more than the full-day average of 6.1 million shares, following Thursday’s record volume of 163.8 million shares. The workplace experience platform, which helps employees navigate the hybrid workplace, has not released a press release since after the March 14 close, when it said the merger with special purpose acquisition company (SPAC) KINS Technology Group Inc. was completed. The stock had tumbled 83.9% since the merger closed through Wednesday, before the latest surge began. The company did not immediately respond to a request for comment or information.