February 23, 2024

24/7 Market News Daily Wrap 31 Jan 2024

DENVER, Colo., Jan. 31, 2024 (www.247marketnews.com)- Today, 24/7 Market News covered; Guardion Health (NASDAQ:GHSI), Connexa Sports Tech (NASDAQ:CNXA), Plug Power (NASDAQ:PLUG), Minim (NASDAQ:MINM).

Guardion Health Sciences, Inc. (NASDAQ:GHSI) reported, after yesterday’s market close, that it signed an equity purchase agreement to sell its Activ Nutritional, LLC subsidiary and its Viactiv brand and business, to Doctor’s Best, for $17.2 million, which we covered when it was trading at $8.92, up $3.77 (+67.04%), on 2.3M premarket shares traded.

As expected, it hit a new 52-week high of $10.75 and closed at $8.38, up $3.23 (+62.72%), on 11.7M shares traded.

Guardion Health Sciences, Inc. is a clinical nutrition company that offers a portfolio of science-based, clinically supported products designed to support the health needs of consumers, healthcare professionals and providers and their patients.

Website www.viactiv.com

We were late in covering Connexa Sports Tech’s (NASDAQ:CNXA) news that it regained compliance with the Nasdaq’s Minimum Shareholder Equity Rule, but it still ran to $0.735, 20 minutes after we covered it at $0.465 and traders who missed that top were able to exit for nearly the same price about an hour later, but that was it for today. Connexa closed at $0.40, up $0.2012 (+101.21%), on 234.8M shares traded.

Connexa Sports Technologies Inc. is a leading connected sports company delivering products, technologies, and Sport-as-a-Service across a range of sport verticals. Connexa’s mission is to reinvent sports through technological innovation driven by an unwavering focus on today’s sports consumer.

Website www.connexasports.com

Plug Power (NASDAQ:PLUG) was a nice momentum mover that we covered when it was trading at $4.05, up $0.32 (+8.71%), on 9.1M shares traded. It made an orderly move, of several waves, to top out at $4.84 in midafternoon trading, and closed at $4.45, up $0.72 (+19.30%), on 128.7M shares traded.

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 180 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

Website www.plugpower.com.

An even better momentum mover was Minim (NASDAQ:MINM), which we covered when it was trading at $3.19, up $0.65 (+25.59%), on 3.7M shares traded. It reached $5.5499 and closed at $4.10, up $1.56 (+61.42%), on 66.5M shares traded.

Minim, Inc. was born in 1977 as a networking company and now delivers intelligent software to protect and improve the WiFi connections we depend on to work, learn, and live. Minim’s cloud platform powers intuitive apps and a variety of routers, helping customers take control of their connected experience and privacy. Minim is headquartered in Manchester, N.H.

Website www.minim.com

Have a great evening and we’ll see you tomorrow.

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