Home Financial Markets Penny Stocks Why Shares Of InnerScope Hearing Technologies Surged 40% On Monday? Here...

Why Shares Of InnerScope Hearing Technologies [INND] Surged 40% On Monday? Here Is The Explanation

In the last trading session, InnerScope Hearing Technologies, Inc.’s [INND] stock rose +39.47% to $0.0318. The trading volume of 868.698M shares on the day exceeded the average 30-day volume of 540.47M. The stock’s worth remained between $0.0001 and $0.0980 during the last 52-week period.

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Company profile:

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  • In a small but rapidly expanding hearing aid maker, InnerScope is rapidly expanding its market share in the hearing aid industry.
  • Technology and decades of profitable industry experience have been unlocking scale and efficiency in an antiquated and fragmented market by InnerScope, thereby creating value for its stakeholders.
  • Their direct-to-customer model revolutionizes the industry in a significant way with Walmart.com, Sears.com, and Kmart.com relationships representing rapid surges in the purchasing of hearing aids.
  • Additionally, InnerScope plans to continue opening, purchasing, and operating its physical chain of hearing aid clinics.
  • Throughout the entire hearing impaired vertical from R&D and manufacturing to direct consumer sales and services, InnerScope’s mission is to serve about 1.2 billion people suffering from 25db or greater hearing loss throughout the world.

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Recent developments:

The stock surged on Monday after some tweets by the company on weekend about its recent developments. The company’s tweets unveiled that:

  • INND will be launched with two NYSE retailers.
  • The first retailer launch is coming out in about 3 to 4 weeks, and the second one is coming out in late March/early April, with additional retailers coming out in late spring.
  • The first batch of Hearing Screening Kiosks is being shipped this month, will be installed in mid-March and will go live on April 2nd.
  • The “Huge Growth” will come with the preparation of in-store displays of new products.
  • The Main Kiosks are manufactured in Wisconsin & shipped to retailers directly from the manufacture.
  • A new kiosk version, designed specifically for the retailer on its request, will be arriving in Long Beach Harbor this week.

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