NUZEE Inc. (NASDAQ:NUZE) Stock Rockets 546%: What’s Going On?
A stock that is highly likely to be on the radars of investors this morning is the NUZEE Inc. (NASDAQ:NUZE) stock. Following a significant new announcement, the stock went on a remarkable rally and soared by a staggering 546% for the day amidst heavy interest.
NUZEE, INC. Establishes Offices in Multiple Regions Around the World to Expand its Global Business
The consumer goods and beverage products company announced yesterday that it had decided to move its United States operations to Florida from California. However, that was not all. NUZEE also announced that it set up offices in Mainland China, Hong Kong, Singapore, and other places for the purpose of developing its global operations.
Further News
In the news release, the company also stated that the former Co-Chair Executive Officer Randy Weaver had departed from his position, and the change went into effect on August 30, 2024. Following the departure, Jianshung Wang assumed full responsibility as the Chief Executive Officer of NUZEE. She would also continue to perform the role as the Chairwoman of the NUZEE Board of Directors.
It was further noted that the new leadership would primarily focus on a longer-term approach that could enable the development of NUZEE as a company that could meet the fast-changing demands of the market. It would be interesting to see if the stock can continue to have strong momentum today or not.
Key Quote
Ms. Jiangshang Wang, the Chairman of the Board of Directors and the Chief Executive Officer of NUZEE, commented,As the new CEO of the company, I will propose a long-term strategic approach that is more suitable for the development of Nuzee 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.”
Technicals
| +/- EMA(20) | 0.71 (+223.94%) |
| +/- SMA(50) | 1.11 (+107.21%) |
| +/- SMA(200) | 1.66 (+38.55%) |
| 5-Day Perf. | +495.85% |
| 1-Month Perf. | +151.42% |
| 3-Month Perf. | +58.62% |
| 6-Month Perf. | +54.36% |
| YTD Perf. | -9.45% |
| 1-Year Perf. | -55.77% |
| RSI(14) | 82.16 |
| ATR(14) | 0.35 |
| ADX(14) | 14.81 |
