What's Going On With Safety Shot Shares Monday?

Comments
Loading...
Zinger Key Points

Safety Shot Inc. SHOT shares traded lower on Monday after the company’s CEO provided several business updates about its production, distribution and revenue traction.

What To Know: The company launched its Sure Shot product on Amazon in November 2023, which sold out within a few hours. The company then launched it on its own e-commerce channel in January 2024.

Safety Shot believes this is indicative of high demand for beverage solution designed to enhance health and wellness.

The company also announced its positive findings from a human clinical trial of Sure Shot published in a peer-reviewed article titled, “A Novel Blend of Dietary Ingredients Mitigates Blood and Breath Ethanol Levels After Acute Alcohol Intake,” in the Journal of Nutrition and Dietary Supplements.

Furthermore, the company announced a spin-off of its Caring Brands division and will distribute two million shares to Safety Shot shareholders. It also highlighted its On the Go Stick Pack, which will launch with two flavors and additional options in the Sure Shot lineup.

SHOT Price Action: Safety Shot shares were down 12.05% at 36 cents at market close Monday, according to data from Benzinga Pro.

See Also:
Hut 8 Shares Are Down Today: What’s Going On?

Photo: Insta_Photos via Shutterstock

SHOT Logo
SHOTSafety Shot Inc
$0.40803.26%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
3.25
Growth
91.14
Quality
-
Value
7.42
Price Trend
Short
Medium
Long
Got Questions? Ask
Which health and wellness companies might benefit from SHOT?
How could Safety Shot's spin-off create investment opportunities?
What impact will Sure Shot's demand have on competitors?
Are there dietary supplement stocks worth exploring now?
How will clinical trial results influence investor confidence?
What opportunities exist in e-commerce for health products?
Who stands to gain from Safety Shot's distribution strategy?
Could Amazon's sales data predict future trends in supplements?
What does market reaction imply for SHOT's future?
Which investors are likely to be attracted to SHOT's innovations?
Market News and Data brought to you by Benzinga APIs

Posted In: