MOVE.O Shares Slide Amid Acquisition Scrutiny
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19 Nov 25
Source: Benzinga
Shares of Movano Inc. (MOVE.O) declined sharply today, crossing below its 5-day simple moving average, indicating a bearish trend. This downward movement comes as Halper Sadeh LLC has launched an investigation into the company's upcoming acquisition by Corvex, raising concerns over potential breaches of fiduciary duties by the Board. The inquiry focuses on whether the deal, which would see pre-merger Corvex shareholders controlling 96.2% of the new entity, was conducted in the best interests of all shareholders. Investors are urged to consider their legal rights as the investigation unfolds, highlighting the growing scrutiny surrounding corporate mergers in the current market environment.
Analyst Views on MOVE
About MOVE
Movano Inc., doing business as Movano Health, is developing a platform to deliver purpose-driven healthcare solutions to bring medical-grade data to the forefront of consumer health devices. Its commercial product Evie Ring is a wearable designed specifically for women. The Evie Ring combines health and wellness metrics to give a full picture of one’s health, which includes resting heart rate, heart rate variability, blood oxygen saturation, respiration rate, skin temperature variability, period and ovulation tracking, menstrual symptom tracking, activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking. The Company is also developing a proprietary System-on-a-Chip (SoC) designed for blood pressure or continuous glucose monitoring systems. This data is delivered through a mobile app which simplifies how data is presented and turns biometric data into actionable insights that help women make manageable lifestyle changes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
