InnerScope Hearing Technologies Inc. (OTCMKTS:INND) Stock Gains Momentum After Key Updates
InnerScope Hearing Technologies Inc. (OTCMKTS:INND) was up 4% after launching HearingAssist and iHear products line and related offering ion Walmart.ca.
Market Stats
On Wednesday, INND stock gained 4.10% to $0.0051 with more than 29.97 million shares, compared to its average volume of 28.31 million shares. The stock moved within a range of $0.0046 – 0.0052 after opening trading at $0.0047.
InnerScope Hearing Technologies (OTC: INND) Offers Hearing Products on Walmart Canada’s Flagship Online Store – Walmart.ca
Walmart.ca is the main online store in Canada. In the following weeks, InnerScope plans to expand its hearing products offering and related equipment on Walmart.ca. These are among the low-cost HearingAssist, and iHear hearing devices are now offered to 1.5 million people who shop Walmart.ca every day.
Loss of hearing is the 3rd most frequent but treatable ailment among the elderly. Hearing loss affects about 65 percent of Canadians above 70 years. According to a recent survey from Statistics Canada, over 50% of Canadians aged 40 to 79 suffer from some kind of hearing loss, although 77% of them are unaware of it. Therefore many people are hesitant to ask for help from a licensed audiologist or a licensed hearing aid dispenser. So, with the launch of these hearing aids at Walmart.ca, investors should keep an eye on INND.
Key Quote
“We are excited to offer our HearingAssist and iHear brand hearing products on Walmart.ca,” stated Matthew Moore, President, and CEO of InnerScope Hearing Technologies. “We look forward to continuing to build and expand our relationship with Walmart through InnerScope’s subsidiary HearingAssist, America’s number-one affordable hearing aid brand and currently Walmart’s largest hearing aid supplier. We believe InnerScope, with its growing market presence and footprint, is leading the way for delivering affordable hearing healthcare in-store or right to consumers’ homes through major retailers.”
Traders Corner
INND stock is trading above the 20-Day and 50-Day Moving averages of $0.0067 and $0.0089 respectively. The stock is trading in oversold zone with the RSI at 31.
