The health and wellness industry has grown at a remarkable pace over the course of the past few years and if you are looking into such stocks today, then it might be a good move to take a look at the Jupiter Wellness Inc (NASDAQ:JUPW) stock.
There was no news about the company yesterday but investors moved in on the Jupiter Wellness stock eagerly and sent it soaring by as much as 22%. In light of the enormous gains, it is likely that the stock is going to come into focus among investors today as well.
The last important development with regard to Jupiter Wellness was back on September 8 when the company announced that it had extended its multiyear endorsement deal with golf legend Ernie Els.
Considering the fact that Els is one of the greatest golf players in history, it was a major development for Jupiter Wellness and one that could bring considerable long term benefits for the company. As per the provisions of the contract, the former professional golfer will be responsible for promoting CaniSun Suncare line of products from Jupiter Wellness for two more years. It should be noted that Jupiter Wellness is still awaiting a patent for that line of products.
