24/7 Market News Snapshot 29 Jul 2024 – Venus Concept Inc. Common Stock (NASDAQ: VERO)

July 29, 2024 10:01

Press Release

DENVER, Colo., 29 July, 2024 (247marketnews.com) – (Nasdaq:VERO) are discussed in this article.
Venus Concept Inc. (VERO) exhibited considerable bullish momentum as its stock leaped from an opening price of $0.69 to $1.010, marking a substantial 57.19% increase today. This surge is noteworthy in light of the previous session’s closing at $0.640, reflecting strong investor enthusiasm and favorable market sentiment. The trading volume is notably high at 1.6 million, suggesting significant market activity and potential accumulation of shares. Investors are advised to keep an eye on the stock’s trading patterns, with key resistance levels poised around $1.05 and support likely near $0.80, given the elevated volatility and opportunity for short-term returns.

In an important development, Venus Concept Inc. has also secured a medical device license from Health Canada for its innovative Venus Bliss MAX system. Originally introduced in the United States in early 2022, the Venus Bliss MAX system has since gained approval in numerous jurisdictions worldwide. This technology represents a critical advancement in the medical aesthetic field, cementing the company’s status as a global leader in this sector. The approval by Health Canada is anticipated to enhance the company’s market position and spur further growth, expanding its footprint in the burgeoning medical aesthetics market.

These developments underscore Venus Concept Inc.’s robust market performance and strategic advancements, positioning the company favorably within the industry. The combined impact of the stock’s impressive rise and the new product license approval is likely to attract increased attention from investors and stakeholders seeking to capitalize on the company’s growth trajectory. With the Venus Bliss MAX system now cleared in Canada, Venus Concept Inc. is well-placed to bolster its market share and drive innovation in medical aesthetics technology.

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