Why Smart For Life Stock Traded Higher Wednesday
Portfolio Pulse from Ryan Gustafson
Smart for Life, Inc. (NASDAQ:SMFL) shares traded higher following the announcement of a new line of Sports Illustrated protein bars. The bars are expected to be released in select markets for initial testing in Q3.
May 24, 2023 | 8:10 pm
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Smart for Life's stock price increased after announcing a new line of Sports Illustrated protein bars, targeting active consumers.
The announcement of the new line of protein bars in partnership with Sports Illustrated is a positive development for Smart for Life. This product targets active consumers and has the potential to increase the company's revenue. As a result, the stock price increased, reflecting the market's positive reaction to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100