financetom
Business
financetom
/
Business
/
What's Going On With NuZee Stock Thursday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With NuZee Stock Thursday?
Oct 17, 2024 12:17 PM

NuZee, Inc. ( NUZE ) shares are trading higher on Thursday after the company announced it moved its U.S. operations from California to Florida and established offices around the globe.

The Details: NuZee ( NUZE ) said it established offices in Singapore, Hong Kong, China and other countries with the aim of increasing its presence outside of the United States.

In addition, the company announced that Randy Weaver has stepped down from his position as co-CEO. Executive chair and co-CEO Jiangshang Wang has assumed Weaver’s responsibilities and taken over as CEO.

“As the new CEO of the Company, I will propose a long-term strategic approach that is more suitable for the development of Nuzee ( NUZE ), to meet the constantly changing market demands. I hope that with the development of the Company’s global business, the Company may improve its performance and create greater value for its shareholders,” Wang said.

NuZee ( NUZE ) shares were last up more than 500%, trading on abnormally high volume. NuZee’s average session volume over the past 100 days is about 3.6 million. Thursday’s trading volume has already exceeded 234 million at the time of writing, per Benzinga Pro.

How To Buy NuZee Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Nuzee's ( NUZE ) case, it is in the Consumer Staples sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

See Also: Nvidia Supplier TSMC Q3 Trumps Estimates On Strong AI Chip Demand, Guides Q4 Above Consensus (UPDATED)

NUZE Price Action: NuZee ( NUZE ) shares have been halted several times for volatility in Thursday’s session. At the time of publication, NuZee ( NUZE ) stock was up 571% at $2.39, according to data from Benzinga Pro.

Image: Photo by Markus Spiske on Pexels

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved