Why Interactive Strength (TRNR) Stock Is Trading Higher

Interactive Strength Inc TRNR shares are trading higher by 15% to $3.10 during Tuesday’s session after the company announced it regained Nasdaq compliance status regarding listing standards.

The company resolved issues related to the minimum $1.00 bid price and public float, meeting standards for at least 500,000 publicly held shares.

CEO Trent Ward expressed confidence in the company’s standing, noting recent compliance letters address both bid price and stockholder equity concerns.

As of November 14, the company reported 625,067 publicly held shares in its third-quarter filing. Ward also emphasized the company’s focus on a stable and successful future on Nasdaq.

Read Also: Tesla’s 2nd Best Week in China In 2024 Boosts Q4 Prospects

How To Buy TRNR Stock

By now you're likely curious about how to participate in the market for Interactive Strength – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Interactive Strength, which is trading at $3.32 as of publishing time, $100 would buy you 30.12 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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