10 Firms Buck Market Slump on Impressive Earnings, New Deals

6. Hims & Hers Health Inc. (NYSE:HIMS)

Telehealth giant Hims & Hers saw its share prices grow for a fourth day on Friday, up by 9.78 percent to close at $37.28 each over a wave of positive sentiment fueling buying appetite.

Just last week, Hims & Hers’ 20-day moving average crossed into a bullish trend. The upward movement is being supported by a longer-term trend, showing that the stock is gaining strength.

According to analysts, the company’s share price is now breaking through the $37.50 price as it tries to test a new resistance of $40.

In other news, the company is embarking on a new Super Bowl advertisement theme to encourage weight loss in between predicted commercials for fast food and snacks.

Set to air during the third quarter of Fox’s Super Bowl LIX on February 9, the new commercial will highlight the brand’s weight-loss medications including those featuring Semaglutide, the active ingredient in well-known drugs like Ozempic and Wegovy.