What's Going On With Jeffs' Brands Stock?

Jeffs' Brands, Ltd. JFBR shares are moving higher Thursday. The stock appears to be moving on continued upward momentum after gaining 25% on Wednesday.

What To Know:

Jeffs' Brands recently signed a letter of intent with Sky Growth Partners Ltd. to invest in and develop defense solutions against drone-based visual systems, as well as wireless charging technology systems for the remote charging of drones, in mid-December.

The company also recently announced an exclusive distribution agreement with Bolly Jon Ltd., a biotech-beauty hair care product brand, to distribute the line of hair products through Amazon Marketplace in December.

Jeffs' Brands' stock has a float of less than 565,000 shares, and more than 7.35 million shares have already been traded in the session, according to data from Benzinga Pro.

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JFBR Price Action: According to Benzinga Pro, Jeffs' Brands shares are up 28% at $4.06 at the time of publication.

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