Ispire's Stock Price Declines by 3.1% on E-Cigarette Market

Business by 2FIRSTS.ai
Nov.29.2023
Ispire's Stock Price Declines by 3.1% on E-Cigarette Market
Ispire's stock price fell 3.1% on Tuesday following reports of a decrease in sales and global distribution.

According to a report by Etfdailynews on November 28th, the stock price of Ispire, a company specializing in the research, design, sales, marketing, and global distribution of e-cigarette and cannabis e-cigarette products, experienced a decline of 3.1% on Tuesday.

 

The company's stock price once dropped to $11.42 per share and continued trading at this level. The trading volume for the day was approximately 50,361 shares, which was a 29% decline from the average daily trading volume of 70,662 shares. Previously, the company's stock price at the close of the market was $11.78.

 

The stock price of Ispire Technology has had an average price of $9.68 over the past 50 days and $9.21 over the past 200 days. The company released its quarterly financial report on November 14th, which showed an earnings per share (EPS) of -$0.04 and revenue of $26.94 million for the quarter.

 

Several large investors have recently made adjustments to their holdings in Ispire Technologies stocks.

 

Barclays PLC acquired approximately $29,000 worth of shares in Ispire Technology in the second quarter. Panagora Asset Management Inc. purchased around $94,000 worth of Ispire Technology shares in the third quarter. Bank of New York Mellon Corp acquired approximately $103,000 worth of Ispire Technology shares in the third quarter. State Street Corp purchased around $119,000 worth of Ispire Technology shares in the second quarter. Additionally, Northern Trust Corp acquired approximately $174,000 worth of Ispire Technology shares in the second quarter. Shares owned by hedge funds and other institutional investors accounted for 2.07% of the total.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Singapore's Health Minister Responds to Queries on Legal Cigarettes and Banned E-cigarettes, Drawing Public Discontent
Singapore's Health Minister Responds to Queries on Legal Cigarettes and Banned E-cigarettes, Drawing Public Discontent
Singapore's Health Minister Ong Ye Kung defended the e-cigarette ban, noting that e-cigarette cartridges have far more nicotine than cigarettes and can equal four packs. His comments sparked criticism on social media, with users questioning his neglect of the harms of cigarette combustion by-products and suggesting the government prioritizes tobacco tax revenue. Many called for regulation instead of a total ban.
Sep.02 by 2FIRSTS.ai
Asia Pacific Harm Reduction Alliance Criticizes Singapore’s Policy: Confusing Illegal “Drug Pods” with Legal E-Cigarettes May Fuel Black Market Circulation
Asia Pacific Harm Reduction Alliance Criticizes Singapore’s Policy: Confusing Illegal “Drug Pods” with Legal E-Cigarettes May Fuel Black Market Circulation
The Coalition of Asia Pacific Tobacco Harm Reduction Advocates (CAPHRA) has expressed concern over Singapore Prime Minister Lawrence Wong’s recent announcement to treat e-cigarettes as a “drug issue” and impose imprisonment penalties. CAPHRA stated that this policy confuses illegal products containing etomidate with legal nicotine devices, goes against harm reduction science, deprives adult smokers of access to safer alternatives, and may instead fuel black market circulation.
Aug.19 by 2FIRSTS.ai
Malaysia’s Council of Rulers Reviews Proposal for Full E-Cigarette Sales Ban
Malaysia’s Council of Rulers Reviews Proposal for Full E-Cigarette Sales Ban
Malaysia’s 269th Conference of Rulers, held on July 16 at the National Palace, discussed national security, judicial appointments, and a proposed nationwide e-cigarette ban. Chaired by Selangor’s Sultan Sharafuddin Idris Shah, the meeting reviewed security briefings and court appointments while noting the vaping ban proposal.
Jul.17 by 2FIRSTS.ai
Senegal Plans to Raise Tobacco Taxes, Gains Support from the Campaign for Tobacco-Free Kids
Senegal Plans to Raise Tobacco Taxes, Gains Support from the Campaign for Tobacco-Free Kids
The Campaign for Tobacco-Free Kids has expressed its appreciation for Senegalese Prime Minister Ousmane Sonko’s decision to increase taxes on tobacco products. The measure aims to save lives and stimulate the economy, while also increasing domestic revenue to reduce the budget deficit and invest in public welfare. It is considered an effective tool to lower tobacco use, thereby reducing the health and economic damage caused by tobacco. Despite potential pressure from major tobacco companies, the
Aug.14 by 2FIRSTS.ai
Rumors Emerge of Two Leading Chinese E-liquid Firms Ordered to Suspend Operations; No Official Notice Found
Rumors Emerge of Two Leading Chinese E-liquid Firms Ordered to Suspend Operations; No Official Notice Found
Rumors suggest two leading Chinese e-liquid firms have been ordered to suspend operations for up to a month, though no official confirmation has been issued.
Jul.30
Philippine Customs Uncovers $700,000 E-Cigarette Smuggling Case Involving Over 80,000 Mislabeled Items
Philippine Customs Uncovers $700,000 E-Cigarette Smuggling Case Involving Over 80,000 Mislabeled Items
On July 31, Philippine Customs seized 81,000 mislabeled e-cigarettes worth $700,000 at Manila Port. The goods face forfeiture for multiple violations, and an investigation is underway. The Health Department warns of e-cigarette health risks and past related deaths.
Aug.01 by 2FIRSTS.ai