Stocks closed lower for a second straight day on Tuesday as Dow sheded 200 points as market rally cools. Before we get into the top stocks of Tuesday, we would like to draw your attention to Mangoceuticals, Inc. (NASDAQ:MGRX).
Mangoceuticals, Inc. (NASDAQ:MGRX) is a company focused on developing, marketing and selling a variety of men’s health and wellness products via a secure telemedicine platform, including its uniquely formulated drug branded “Mango,”.
Mangoceuticals, Inc. MGRX Company’s Co-Founder and CEO, Jacob Cohen, along with the MangoRx family, including Company officials and members of the executive management team, rang the Nasdaq Closing Bell on Thursday, May 18, 2023.
Recently, Mangoceuticals, Inc (NASDAQ:MGRX) signed a sponsorship agreement with GaS Digital Network, a well-established digital comedy platform inclusive of 22 podcasts with original content in comedy, politics, music, sports, dating, and self-improvement and with a reach of approximately 5 million listeners per month (“GaS Digital” or “The network”).
GaS Digital will be responsible for promoting and incorporating Mango into each sponsored episode. Along with other promotional content, GaS Digital will work to generate 1 million unique impressions over the span of 2 months. This involves verbally communicating Mango through organic conversations and announcements as well as key product placements. As this deal is also a partnership, MangoRX and GaS Digital may elect to further the relationship with larger brand-focused projects.
To know more about MGRX make sure to watch the video below:
MGRX is on a roll with several advertisement deals in the recent past. Currently, MGRX is trading at $1.67 with stock price appearing to consolidate at the current levels. Considering MGRX has a 52 week range of 0.8600 - 4.3700, there seems to be quite a bit of upside potential from the current pps.
Other notable market movers include:
Nikola Corporation (NKLA), a well-known player in the zero-emissions vehicle market, witnessed a 10.92% increase, boosting its share value by $0.13 to $1.32 as of the market closing at 4:00 PM EDT. The corporation currently boasts a robust trading volume of 70.98 million, with a market cap standing at a remarkable 946.16 million. This notable increase can be attributed to various strategic advancements in the company, reflecting the confidence of 42.52 million shareholders.
Similarly, SoundHound AI Inc. (SOUN), a leading innovator in voice-enabled AI and interactive technologies, enjoyed a substantial 19.46% surge in its stock value. Its share price went up by $0.65, ending the day at $3.99. The trading volume stood at 31.73 million with a notable market cap of 867.39 million, and it's being held by 12.19 million shareholders.The cryptocurrency mining company, Hut 8 Mining Corp. (HUT), also experienced a positive trend, with its share price increasing by 11.30% ($0.26) to reach $2.56. As the market closed at 4:00 PM EDT, the company reported a trading volume of 33.57 million and a market cap of 568.08 million. Currently, 8.72 million people are holding its shares.
Ideanomics, Inc. (IDEX), which deals in commercial electric vehicles, also enjoyed a significant uplift in its shares. The company's shares grew by a whopping 23.82%, up $0.02 to $0.1019. As the day ended, the trading volume was recorded at 116.66 million, with a market cap of 82.33 million. This increase showcases the trust of its 96.99 million shareholders.
Lastly, shares of Artificial Intelligence Technology Solutions Inc. (AITX) saw a modest but steady growth of 3.01%. The shares ended the day at $0.008035, with a trading volume of 44.80 million and a market cap of 49.15 million. This news comes as of 3:59 PM EDT, and the shares are held by 35.49 million shareholders. Despite the lower figures, the company's consistent progress is a positive sign for investors.Overall, these corporations' positive market performance indicates a growing confidence amongst their shareholders and reveals the robust health of their respective sectors. As always, conduct your own due diligence and follow traders vigilance.
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Source: https://finance.yahoo.com/news/mangoceuticals-inc-signs-sponsorship-agreement-130000958.html
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