Why Jeffs Brands (JFBR) Stock Is Up 17% Today
Jeffs Brands Ltd (NASDAQ:JFBR) shares are trading higher by 17.1% to $2.67 during Friday’s session after the company announced it regained compliance status with Nasdaq’s minimum bid requirement.
What Else: Jeffs’ Brands has resolved its previous bid price deficiency and regained compliance with Nasdaq’s minimum bid price requirement.
This follows 10 consecutive business days where the company’s share price met or exceeded the $1.00 per share threshold, as mandated by Nasdaq listing rules.
The Nasdaq Stock Market has confirmed the matter is now closed, allowing Jeffs’ Brands to continue trading on the Nasdaq Capital Market. However, the company cautioned that there is no guarantee its shares will maintain their Nasdaq listing status in the future.
Read Also: US Economy Adds 227,000 Jobs In November, Wage Growth Accelerates
How To Buy JFBR 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 Jeffs Brands’ 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, JFBR has a 52-week high of $68.77 and a 52-week low of $1.90.
