Improved reports alongside analyst skepticism: Audity Tech's roller coaster on Wall Street continues

Globes' weekly column reviews the prominent Israeli stocks on Wall Street: AudioCodes rose 15.5% after the CEO purchased shares, Nexxen jumped 14% following earnings that beat forecasts, and Audity Tech traded with volatility after improved reports but analyst skepticism.

Globes' weekly column reviews the prominent Israeli stocks on Wall Street at the end of the week. AudioCodes rose 15.5% over the past week, after CEO Shabtai Adlersberg purchased 17,000 shares for about $133,000, a move seen as a vote of confidence. Nexxen jumped 14% in two days after its earnings: revenue of $103 million, growth of 8.6%, and adjusted EBITDA of $34.5 million, up 22%. Audity Tech published improved earnings with revenue of $145 million and adjusted net profit of $18 million, but the stock traded with volatility. 12 analysts cover Audity, most neutral, and none positive; Jefferies lowered its price target to $20.