Singing Machine shares are trading higher after the company announced it launched a new party accessory product line available at Walmart.
Portfolio Pulse from Benzinga Newsdesk
Singing Machine has launched a new party accessory product line, which will be available at Walmart. This announcement has led to an increase in the company's share prices.
July 18, 2023 | 12:28 pm
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Singing Machine's stock is trading higher following the announcement of a new product line available at Walmart.
The launch of a new product line typically indicates a potential increase in revenues for a company, which can positively impact the stock price. The fact that the product line will be available at Walmart, a major retailer, further increases the potential for significant sales, hence the rise in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100