24/7 Market News Snapshot 06 Aug 2024 – Banzai International, Inc. Class A Common Stock (NASDAQ: BNZI)

August 6, 2024 10:15

Press Release

DENVER, Colo., 06 August, 2024 (247marketnews.com) – (Nasdaq:BNZI) are discussed in this article.
Banzai International, Inc. (BNZI) has witnessed a notable surge in its stock performance, opening at $0.105 and currently trading at $0.120, marking a remarkable 24.36% increase. This follows a previous close at $0.098, indicating a strong upward trend. The trading volume has reached 6.1 million, suggesting a surge in investor interest and liquidity. This bullish movement likely stems from the company’s recent positive news or earnings reports, as well as market confidence. Key levels to watch include resistance around $0.125 and support at $0.098, with sustained high volume potentially signaling continued growth.

Banzai International has also achieved significant customer growth this year, adding 147 new customers in July alone and totaling 1,108 new customers in the first half of 2024. This includes notable companies such as Cisco, Nextiva, Sprinklr, Globe Life Insurance, and LoanDepot. This diverse customer base underscores the company’s industry-leading capabilities and the exceptional value of its marketing and sales solutions.

In 2024, Banzai onboarded 867 new customers and reactivated 388 former clients, showcasing its ability to attract new users and reignite interest among previous customers. This dynamic growth reflects both organic expansion and strong customer loyalty. CEO Ashley Murphy expressed her enthusiasm, stating that the addition of high-profile clients highlights Banzai’s commitment to providing superior solutions that meet the evolving needs of businesses. She emphasized the company’s dedication to driving lasting value for its customers, with recent results validating these efforts.

Banzai’s ongoing innovation and refinement of offerings are enhancing how businesses engage with their audiences, positioning the company for sustained growth and reaffirming its leadership in the marketing technology sector.

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