COSM Has Gained As Much As 1,057.53% In The Past Three Weeks
As The Company Now Seeks To Revolutionize The Weight Loss Industry.
Cosmos Holdings Inc., (NASDAQ:COSM) continued to be an absolute powerhouse today with a close up 24.12% at $0.7725. At the mid-day high of the day at $0.845 it had gained as much as 1,057.53% since its open at just $.073 on November 9th 2022. This set it apart as the absolute biggest percent gainer in the entire stock market within that time frame. At the close of $0.7725 it continued to maintain a 958.22% gain from that recent low just three weeks ago.
As we mentioned in our recent COSM news update, the most impressive thing about this stock is that it trades on NASDAQ rather than trading on the OTC Market because the OTC is generally where you find most penny stocks. We mentioned in the prior COSM release that traders might have found a major sweet spot trade in COSM due to the fact that it is able to avoid the major issues that generally plague OTC stocks, such as lack of reliable financial reporting and low liquidity. As a NASDAQ stock COSM has none of the restrictions to access that most penny stocks do, meaning that traders are able to plunge more money in more easily since it trades across more exchanges and is accessible for purchase across a wider range of apps. As a result of this, it has managed to see hundreds of millions of dollar volume traded per day, which has far eclipsed the dollar volume of every single individual stock traded on the OTC Market.
This Is What Cosmos Health, Inc., Does:
As per the write-up within the companies press releases, “Cosmos Health is engaged in the nutraceuticals sector through its own proprietary lines of products "Sky Premium Life" and "Mediterranation." Additionally, the Company is operating in the pharmaceutical sector through the provision of a broad line of branded generics and OTC medications and is involved in the healthcare distribution sector through its subsidiaries in Greece and UK serving retail pharmacies and wholesale distributors. Cosmos Health is strategically focused on the R&D of novel patented nutraceuticals (IP) and specialized root extracts as well as on the R&D of proprietary complex generics and innovative OTC products. Cosmos has developed a global distribution platform and is currently expanding throughout Europe, Asia and North America. Cosmos Health has offices and distribution centers in Thessaloniki and Athens, Greece and Harlow, UK.”
COSM Aims To Revolutionize The Weight Loss Industry:
Today after hours, COSM released news announcing that the company has entered the development phase for “CCX0722, an innovative product for obesity and weight management, based on the effectiveness of biocompatible 3D spatial fillers, from natural ingredients. Administration of CCX0722 is expected to reduce food intake by increasing satiety and reducing appetite. The company plans to initiate clinical intervention in the fourth quarter of 2023.” Or in layman’s terms, the company seeks to revolutionize the wait loss industry with this new product because it aims to meet needs within the industry that have not yet been met. According to the news release “the global weight management market was valued at USD $132.7 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% over the next nine years.” This means that if this new product is able to take even a small percentage of the market share of that industry, it would mean massive growth for the company.
As always we suggest operating with caution with this one as we would with any stock that has seen such rapid price per share growth because as a result of this growth there will be significant volatility with wild price swings in either direction but it is still one that we suggest watching closely.
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