Penny Stocks On Robinhood #2: XpresSpa
The story surrounding XpresSpa (XSPA Stock Report) is almost the quintessential “outside the box story.” The company is very well-known for its “on the go” spa in major airports. This is a pplace where you can grab a quick massage during a layover between flights. Well, seeing as air travel is almost nonexistent, instead of waiting for fait to decide, XpresSpa found a way to get involved with the COVID-19 craze.
Over the last several weeks, the company has been working through discussions with numerous testing providers. The obvious goal is to provide coronavirus testing in U.S. airports to capitalize on the immense need or more testing. The company even formed a new business unit called XpresTest to differentiate it from the spa unit. Since these early developments from late-March, shares of XSPA stock have been on the move. The company has also attracted new interest from investors. Right now this penny stock on Robinhood shows more than 28,000 portfolios have shares of XSPA stock.
In light of this key development for the company, XpresSpa has been building a medical team. Last week it appointed Dr. Lewis Lipsey as Chief Medical Officer. This came after the board appointment of Michael Lebowitz to help as more or less an advisor to XpresSpa. Lebowitz is the Founder and CEO of globally-recognized agency Big Spaceship.
