Hearing Technologies Inc (OTCMKTS:INND) Stock Gains Momentum: But Why?

On Thursday, there were plenty of stocks which had managed to make a strong upward move and one of those was the Innerscope Hearing Technologies Inc (OTCMKTS:INND) stock, which ended up with gains of as much as 13%.

Trading Data

On Thursday, INND stock jumped 75% to $0.0074 with more than 34.78 million shares traded, compared to volume of 33.82 million shares. The stock moved within a range of $0.0065 – 0.0082 after opening trading at $0.0067.

InnerScope Hearing Technologies (OTC: INND) Announces its HearingAssist Brand of FDA-Registered OTC Rechargeable Hearing Aids on CVS.com

The rally in the stock came about after the company made a major new announcement with regards to the fact that its subsidiary unit HearingAssist had launched a new product. The product in question is an Over the counter Rechargeable Hearing Aid. It is also important to point out in this regard that the product is also registered with the United States Food and Drug Administration.

The launch of a new product is almost always positive news for any company and hence, it was perhaps no surprise that the Innerscope Hearing Technologies stock experienced a strong rally. The company also announced that the HearingAssist hearing aid product had also been launched in as many as 8 retail outlets of CVS located in Rhode Island and Massachusetts.

The latest launch is one of the many launches that have been done by CVS and CVS.com. At this point in time, it is going to be interesting to see if the Innerscope stock continues to add to its gains or not.

Key Quote

“This latest launch of HearingAssist OTC Rechargeable Hearing Aids with CVS and on CVS.com is a result of our continuing efforts to execute our wholesale distribution plan,” said Matthew Moore, President, and CEO of InnerScope Hearing Technologies.