Shares Of This Micro Cap Rallied Strongly Following Major Announcement

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, November 19, 2024

A Texas-based consumer discretionary stock is finding quite a bit of success so far during Tuesday’s session after it was disclosed that Armah Sport Group’s B_FIT is installing the company’s CLMBRs brand in three of its nine locations in Saudi Arabia.

Traders were quick to snatch up shares of Interactive Strength Inc. (Nasdaq:TRNR) following the news, pushing the micro cap up to $4.21/share (+66.40%) at the early session high. This move was a much-needed breath of fresh air for long-term shareholders that have been riding this multi-month downtrend.

Interactive Strength Inc., doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. It offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance. The company also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online. The company was incorporated in 2017 and is headquartered in Austin, Texas.

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