FOXO Technologies shares are trading higher after its interim CFO wrote to shareholders expectations to build the business over the next 12-24 months and generate more than $50 million a year in revenue.
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies shares rose after the interim CFO communicated plans to grow the business and achieve over $50 million in annual revenue within the next 12-24 months.
October 15, 2024 | 1:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FOXO Technologies shares increased following a letter from the interim CFO detailing growth plans to exceed $50 million in annual revenue within the next 12-24 months.
The interim CFO's letter to shareholders is a positive signal, indicating strategic plans for significant revenue growth. This has likely boosted investor confidence, leading to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100