SRM Entertainment, Inc. ( SRM ) shares are trading higher on Wednesday after the company announced a surge in its online sales. The stock was among notable movers from this morning.

What To Know: The company announced that its online sales on Amazon grew 417% since September. SRM attributed this growth to strong customer demand for its high-margin products, which the company expects to significantly boost its financial performance.

“Amazon offers a tremendous platform for us to reach our online customers,” said Rich Miller, CEO of SRM.

“We have strategically leveraged data analytics to effectively target our customer base and drive online sales growth. This success underscores our commitment to expanding our e-commerce presence and maximizing profitability.”

Additionally, Miller expects the growth in Amazon sales to continue through 2025 and 2026.

SRM Entertainment ( SRM ) stock is trading with higher-than-normal session volume at 104.08 million. The company’s average session volume over the past 100 days is 643.14 thousand.

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SRM Price Action: As of Wednesday morning, SRM shares are trading 101% higher at $1.27, according to data from Benzinga Pro.

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