As usual, there are going to be many stocks that are going to be in focus among investors when the markets open this morning. The stocks which had managed to record significant gains this past Friday are going to be particularly in demand and hence, it may be a good time for investors to possibly take a look at Minim Inc (NASDAQ:MINM).
The company, which is involved in the creation of Motorola home networking products and intelligent WiFi software, saw its stock go on a remarkable run on Friday as it ended the day with gains of as much as 51%. The company creates those products under the provisions of a global brand license.
Last week on October 4 Minim was in the news after it announced that it had been successful in further expanding its e-commerce offerings at Target.com. By way of this expansion, Target.com is now going to include the first WiFi 6 Mesh System, which is a part of the full portfolio of intelligent networking devices from Motorola.
The product had initially been launched back in the fourth fiscal quarter of 2021 but now it has been made available on Target.com. The announcement is a significant one considering the fact that Target.com is the fifth largest e-commerce platform in the United States at this point in time.
Hence, it is going to be possible for Minim to get access to a significantly large pool of customers at one go. Market research that had been published by Parks Associates noted that in the previous 12 months consumers had used online retail in order to gather information with regards to home device products and eventual purchase. The mesh portfolio of Motorola has also proven to be a popular category of products and it now remains to be seen if the Minim stock can continue to add to its gains this week.