24/7 Market News Snapshot 08 May, 2025 – WEBUY GLOBAL LTD. Ordinary Shares (NASDAQ:WBUY)

May 8, 2025

DENVER, Colo., 08 May, 2025 (www.247marketnews.com) – (NASDAQ:WBUY) are discussed in this article.
Webuy Global Ltd. has made significant strides in the financial market, experiencing a remarkable stock surge and achieving a pivotal milestone through its reinstatement on the Nasdaq Capital Market. The company’s stock opened at $14.00 and has impressively traded at $10.79 after reaching a staggering increase of 8,638.46% from its previous close of $0.123. This extreme volatility, supported by a trading volume exceeding 1.03 million shares, signals strong market interest and momentum. Investors are encouraged to observe key support and resistance levels as they strategize their trading approaches, given the heightened excitement surrounding the stock.

In conjunction with its stock performance, Webuy Global Ltd. announced its re-listing on Nasdaq effective May 8, 2025, following compliance with the minimum bid price requirement under Rule 5550(a)(2). This reinstatement marks a major milestone in the company’s recovery strategy that has included a series of corrective measures, such as reverse stock splits and a successful appeal to the Nasdaq Hearing Panel. This advancement not only reflects Webuy’s commitment to operational excellence but also aims to restore investor confidence in its future trajectory as a public company.

The first quarter of 2025 has yielded a robust performance, particularly in Webuy’s travel vertical, where the company recorded over $2.6 million in travel bookings during the March 2025 NATAS Fair, representing a 45% growth year-over-year. Notably, revenue in Indonesia alone surged to approximately $1.25 million from just $55,000 in the same quarter last year, indicating astonishing year-over-year growth exceeding 2,160%.

CEO Vincent Xue Bin expressed enthusiasm over the relisting and the company’s achievement of a first-ever group-level profit in the last quarter of 2024. Emphasizing plans for further scaling high-margin verticals and enhancing technology, Webuy is committed to delivering exceptional value to shareholders as a leader in community e-commerce and travel.

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