- The stock price of Jowell Global Ltd (NASDAQ: JWEL) increased by over 14% during intraday trading today. This is why it happened.
The stock price of Jowell Global Ltd (NASDAQ: JWEL) – one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China – increased by over 14% during intraday trading today. Investors are responding positively to Jowell Global announcing strong results from its 12-day 2021 Singles Day Shopping Festival.
Over $18.5 million was generated in gross merchandise volume (GMV) during the festival — which is an extraordinary 150% growth from last year.
“This year’s Single’s Day shopping festival marked one of the Company’s most impressive periods of growth in revenue and best sellers. The record-breaking GMV of orders placed is a testament to our commitment to communicating with consumers, providing top-quality products, and always striving for excellence. These stellar results are the product of our constant efforts at creating win-win collaborations in social media and new retail platforms. This new age of consumption and social media marketing is bringing with it immeasurable opportunities for growth, and Jowell Global, as one of the largest new retail enterprises in beauty, health, and wellness products, will endeavor to consistently deliver products to people around the world.”
— Zhiwei Xu, Chief Executive Officer and Chairman of Jowell Global Ltd
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.