Eltes surges to daily limit-up bid in afternoon session after signing partner agreement with X Corp.
Eltes Co., Ltd. <3967> surged in the afternoon session, with buy orders piling up at its daily limit-up level of 673 yen, up 100 yen from the prior session. Around noon, Eltes announced it signed a partner agreement with X Corp., operator of social media platform X (formerly Twitter), appearing to act as a catalyst for the sharp price move.
Under the agreement, Eltes will obtain data directly from X Corp. for use in its Web Risk Monitoring Service, which continuously monitors social media and helps clients manage online backlash risk. Prior to the agreement, data was acquired through X's post data service, but going forward, data acquisition will be simplified by eliminating an intermediary step, enabling direct collaboration with X Corp. engineers and official support teams.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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