What's Brewing for Coffee Stock CIMG Inc. (NASDAQ: IMG)?
October 17, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a leader in retail investor trading ideas for food and beverage stocks issues a trading alert for CIMG Inc. (NASDAQ: IMG), a company with a heritage in specialty coffee and an emerging business in broader consumer food and beverage product.
The BEIJING based stock makes the NASDAQ top gainers list today, currently trading at 1.6300, up $1.0000, gaining 158.7302% on volume of over 78 Million as of this report.
There is no new headlines on the stock today to generate this retail investor momentum - so one would have to guess there is promotional activity.
The most recent news was 9 days ago, reporting that Zhongyan Shangyue Technology Co., Ltd, a PRC subsidiary of CIMG, has signed a distribution contract with Beijing Wangbo Chengda Trading Co., Ltd., according to which Wangbo Trading has the distribution right to sell Maca Noni, a beverage product of CIMG, in no fewer than 550 Lawson convenience stores from October 22, 2024 to October 21, 2025, in the following areas in People's Republic of China: city of Beijing, city of Tianjin, and Hebei Province.
Earlier, NUZEE, INC. announced significant corporate changes effective October 31, 2024. The company l changed its name to CIMG Inc. and its NASDAQ trading symbol transitioned from NUZE to IMG..
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