Why Interactive Strength (TRNR) Stock Is Trading Higher

Interactive Strength Inc TRNR shares are trading higher by 28.3% to $3.53 during Wednesday’s session after the company announced it received a letter from Nasdaq confirming its compliance with the listing rule and will successfully conclude hearings and the panel appeal process.

What Else: Wednesday’s news marks the conclusion of a Hearings Panel appeal process initiated in May. Interactive Strength also reported a stockholder equity of $5.8 million for the third quarter, surpassing the $2.5 million minimum requirement.

“This milestone is critical for our continued growth,” said Trent Ward, Co-Founder and CEO of TRNR. He added that the resolution of compliance concerns enables the company to fully focus on executing its growth strategy and delivering shareholder value.

Interactive Strength stock also gained last week after the company announced plans to integrate Bitcoin into its financial strategy.

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How To Buy TRNR Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Interactive Strength’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, TRNR has a 52-week high of $4,760.00 and a 52-week low of $2.50.