Turkish E-Commerce Stock Rallies Strongly Following Key Announcement

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, July 3, 2024

A Turkish e-commerce platform company is turning heads on Wednesday after it was announced that the company launched a cargo distribution service in select regions of Turkey with 21 electric vans. According to the release, the electric vans commenced delivery in densely populated major cities, including Istanbul, Ankara, Izmir, Mugla and Antalya.

Shares of D-Market Electronic Services & Trading (Nasdaq:HEPS) rose sharply on the news, with traders pushing the price up to $2.74/share (+13.22%) at the time of writing. This move is a strong continuation of the success this stock has had over the last week, hitting yet another 52-week high!

D-MARKET Electronic Services & Trading offers an e-commerce platform in Turkey and the surrounding region. The company is comprised of one reportable segment, namely e-commerce operations. The Group derives revenue from the sales of goods, marketplace revenues, and other revenues.

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