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 >
Market Chatter: Blackstone Considering Sale of Minority Stake in HH Global
Market Chatter: Blackstone Considering Sale of Minority Stake in HH Global
Jul 19, 2024
12:23 PM EDT, 07/19/2024 (MT Newswires) -- Blackstone (BX) is mulling a deal to sell its minority stake in UK marketing provider HH Global, Bloomberg News reported Friday, citing people familiar with the matter. Blackstone is working with investment bank Moelis & Co. ( MC ) on the potential transaction, the people were quoted as saying. A stake sale could...
Update: Market Chatter: Blackstone Considering Sale of Minority Stake in HH Global
Update: Market Chatter: Blackstone Considering Sale of Minority Stake in HH Global
Jul 19, 2024
12:28 PM EDT, 07/19/2024 (MT Newswires) -- (Updates with Moelis' ( MC ) response in the fourth paragraph.) Blackstone (BX) is mulling a deal to sell its minority stake in UK marketing provider HH Global, Bloomberg News reported Friday, citing people familiar with the matter. Blackstone is working with investment bank Moelis ( MC ) on the potential transaction, the...
Fifth Third Bancorp, Huntington, Regions Quarterly Results Fall Amid Lower Net Interest Income
Fifth Third Bancorp, Huntington, Regions Quarterly Results Fall Amid Lower Net Interest Income
Jul 19, 2024
12:29 PM EDT, 07/19/2024 (MT Newswires) -- Fifth Third Bancorp ( FITB ) , Huntington Bancshares ( HBAN ) and Regions Financial ( RF ) on Friday reported second-quarter financial results that fell year over year amid declines in net interest income. Fifth Third Bancorp's ( FITB ) earnings decreased to $0.81 a share from $0.82 a year earlier, while...
Sealed Air to See Soft Volumes, High Debt, RBC Says
Sealed Air to See Soft Volumes, High Debt, RBC Says
Jul 19, 2024
12:25 PM EDT, 07/19/2024 (MT Newswires) -- Sealed Air ( SEE ) is expected to see weak sales volume, with prices and costs remaining steady or slightly declining, and significant debt, RBC Capital Markets said in a note sent Friday. Analysts, including Arun Viswanathan, said they are revising down their estimated earnings before interest, taxes, depreciation, and amortization, or EBITDA,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved