24/7 Market News Snapshot 29 August, 2024 – Safety Shot, Inc. Common Stock (NASDAQ:SHOT)

August 29, 2024

DENVER, Colo., 29 August, 2024 (247marketnews.com) – (Nasdaq:SHOT) are discussed in this article.
Safety Shot, Inc. (Nasdaq:SHOT) is currently experiencing a positive trading surge, with its stock price rising to $1.005 in pre-market sessions, reflecting a 4.71% increase from the previous close of $0.960. This upward movement is indicative of a favorable market outlook, bolstered by a trading volume of 2.29 million shares. Market analysts suggest that this significant rise signals strong buyer interest, which may persist if current momentum is maintained. Traders are advised to monitor key support levels around the previous close, while a resistance level is anticipated around the psychological mark of $1.10.

In addition to the promising market performance, Safety Shot has made headlines with the release of results from its latest clinical study, further establishing its leadership in wellness solutions focusing on alcohol metabolism. The double-blind, randomized, placebo-controlled study highlights the company’s innovative approach and confirms its product’s effectiveness in reducing blood alcohol content (BAC) and alleviating the uncomfortable aftereffects associated with heavy drinking.

The clinical findings reveal a significant improvement in aldehyde dehydrogenase levels and a marked reduction in acetaldehyde—two primary contributors to hangover symptoms. Safety Shot’s patented formulation aids in accelerating the alcohol metabolism process within 30 minutes, allowing for a more efficient clearance of toxins from the body compared to natural metabolic rates.

David Sandler, Chief Operating Officer and Co-Inventor of Safety Shot, emphasized the significance of these findings, stating that the discomfort following drinking is largely due to acetaldehydes rather than dehydration. The company is set to broaden its market presence through various formats, including a ready-to-drink beverage, a 4oz shot, and a dry powder stick pack, all incorporating its proprietary formula. With a strong focus on research and expansion, Safety Shot aims to redefine consumer experiences surrounding alcohol consumption while promoting enhanced well-being.

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