On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Sharing Services Global Corp. (SHRG) Featured as Top Performer Among Direct-Selling Stocks

  • Transformation Capital features SHRG as top performer in the TDSI direct-selling index
  • SHRG achieved a staggering 1,070% growth rate compared to its levels at the end of February when the index started tracking data
  • Industry as a whole has been outperforming the market, with positive outlook for the full year

Sharing Services Global (OTCQB: SHRG), a diversified holding company specializing in the health and wellness direct-selling industry, was featured in a recent industry report published by an investment banking and business development firm Transformation Capital as one of the fastest-growing small-cap companies in the space (https://nnw.fm/XhXSO).

The report looks at the TDSI, or a market capitalization-weighted index of all U.S. publicly traded, direct-selling companies with valuations over $25 million. The index started tracking data from March 1, 2020, and now stands 56% above the initial end-of-February level, significantly outperforming the DJIA and S&P 500, which gained only 7% during the same period. The numbers indicate that the industry as a whole is growing much faster than general economy.

The investment bank and business development firm highlights Sharing Services Global as the top performer among all stocks in the index’s tracking set. SHRG continued its impressive growth with a gain of 27% during August only, which means that for September, SHRG’s stock price stood at a massive 1,070% above its levels at the end of February.

Transformation Capital estimates that the industry will continue to perform favorably in 2020, leveraging the momentum built since the beginning of the year, driving the industry towards a possible new record-breaking year. Stuart Johnson, CEO of Transformation Capital, was positive about the outlook for the direct marketing industry.  “From a broad perspective, we believe that the direct selling industry, as a whole, is experiencing a renaissance within the domestic market,” he said. “As indicated in the chart below, domestic direct selling revenues have been flat to slightly down since reaching an all-time high of more than $36 billion in 2016. It is our belief that 2020 sales will reach, and likely exceed that record figure.”

The investment banking and business development firm notes several bullish factors driving the direct-selling robust performance bullish indicators for the industry, including the decline in short interest in industry stocks demonstrating that investors are becoming reluctant to take positions against them. As a result, the sentiment of the analysts covering this space is shifting, with a staggering 97% of them having “buy” or “hold” ratings on the stocks from the direct-selling space (https://nnw.fm/XhXSO). Operating in a rapidly growing industry, SHRG offers compelling growth potential supported by its robust business model and strong fundamentals.

For more information, visit the company’s website at www.SHRGInc.com.

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://nnw.fm/SHRG

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

Archives

Select A Month

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217