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Why MEDIROM Shares Are Moving Higher Monday
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Why MEDIROM Shares Are Moving Higher Monday
Aug 29, 2024 8:53 AM

MEDIROM Healthcare Technologies, Inc. ( MRM ) stock is trading higher on Monday after the company, late Friday, announced that its subsidiary, MEDIROM Mother Labs, formed a capital and business alliance with NFES Technologies.

What Happened: NFES agreed to participate as the lead investor in MOTHER Labs’ Series A financing round. Also, MEDIROM anticipates that having NFES as the lead investor will help attract more investors.

The companies concluded a distributorship agreement that will introduce the MOTHER Labs’ MOTHER Bracelet and MOTHER Gateway products in the nursing, transportation and manufacturing industries. A collaboration between financial institutions and sales partners affiliated with NFES will support the introduction.

Furthermore, MOTHER Labs and NFES’ regional department store e-commerce mall, Hyakkaten.com, will work together to drive sales.

How To Buy MEDIROM Shares

By now you're likely curious about how to participate in the market for MEDIROM Healthcare Techs – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of MEDIROM Healthcare Techs , which is trading at $7.14 as of publishing time, $100 would buy you 14.01 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Related Link: Temu Parent PDD Posts 86% Q2 Topline Growth, Stock Drops After CEO Flags Upcoming Challenges

MRM Price Action: At the time of writing, MEDIROM shares are trading 155.9% higher at $6.35, according to data from Benzinga Pro.

Image: Photo via Shutterstock

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