24/7 Market News Snapshot 13 December, 2024 – Worksport, Ltd. Common Stock (NASDAQ:WKSP)

December 13, 2024

DENVER, Colo., 13 December, 2024 (247marketnews.com) – (NASDAQ:WKSP) are discussed in this article.
Worksport, Ltd. has seen a notable rise in its market performance, opening today at $0.881 and currently trading at $1.007, marking a substantial increase of approximately 13.16%. This follows a previous close of $0.890, signifying strong bullish momentum in today’s trading session. With a trading volume of 2.65 million shares, interest from investors appears to be robust. Analysts suggest that key resistance levels may hover around $1.10, while support is anticipated near the $0.90 mark. Observing these indicators will be crucial for assessing the durability of this upward trend.

Concurrent with its stock performance, Worksport has announced significant corporate advancements, revealing remarkable growth in both its sales and strategic assets, particularly looking ahead to December 2024. The company reported an impressive 51% increase in B2C sales and a 60% jump in B2B transactions over the past month. Its dealer network has expanded by an extraordinary 105% since September, indicating robust demand for Worksport’s innovative product offerings. Anticipation builds around the upcoming AL4 tonneau cover, which has received considerable pre-orders, positioning Worksport well for capturing a larger market share.

A notable component of Worksport’s recent strategies includes the integration of digital assets into its corporate treasury, with plans to allocate up to $5 million in Bitcoin (BTC) and Ripple (XRP). This measure aims to mitigate inflation risks and has garnered interest from major cryptocurrency custodians eager to collaborate on secure asset management.

Additionally, Worksport’s dedication to clean energy solutions is set to gain visibility following recent media exposure, which is expected to enhance brand recognition and create new market opportunities. CEO Steven Rossi emphasized the transformative strategies in play, asserting the company’s commitment to innovation and sustained growth in the clean-tech sector.

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