fbpx
QQQ
-6.28
310.38
-2.07%
DIA
-1.50
311.15
-0.48%
SPY
-3.85
380.57
-1.02%
TLT
+ 0.45
138.19
+ 0.32%
GLD
+ -0.01
159.08
+ 0%

How Hapbee Technology Is Tapping Into Mind Wellness With A Peloton-Like Model

January 21, 2021 11:55 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
How Hapbee Technology Is Tapping Into Mind Wellness With A Peloton-Like Model

The coronavirus pandemic brought a renewed interest in personal wellness, with people were stuck at home during lockdowns and quarantines. 

Before, people often struggled to make time for exercise and activities to increase emotional wellness.

Companies that provide  products to consumers to assist with their health goals saw tremendous growth in 2020, and that growth is expected to continue in 2021. 

What Happened: Shares of Peloton Interactive Inc (NASDAQ:PTON) have soared over 480% since March. Demand continues to surge, though Peloton is months behind schedule, struggling to keep up with deliveries.

Peloton is best known for its tech integrated exercise bike that allows customers to livestream workout videos at home.

Related Link: Why Should We Care About Joe Biden's White House Peloton? 

Another tech-integrated wellness company is Canada's Hapbee Technologies Inc (OTC:HAPBF) which is using technology to help customers with better mind wellness.

In December, Hapbee launched its first product, a subscription-based wearable device that uses low-energy magnetic fields to communicate with the human brain.

This technology provides customers with the ability to choose how they feel, according to the company. Whether it's to conquer stress, increase focus or feel happier, Hapbee uses proprietary energy technology called ultra-low radio frequency energy — ulRFE — to allow its users to take control over their mental state.

What's Next: Hapbee went public in October and share prices have fluctuated greatly since.

Now up 8.5% since its market debut, Hapbee has just begun developing and selling its products.

On Jan. 12 Hapbee announced that it partnered with SILSYNC, a design firm in Arizona, to design and engineer a bed-related, form factor product that will use a magnetic signal to help customers sleep better. Hapbee expects phase one of the product design to be completed this quarter.

PTON, HAPBF Price Action: Hapbee shares were up 0.61% to 56 cents at last check, while Peloton shares were up 1.57% at $158.24. 

Photo courtesy of Hapbee. 


Related Articles

Benzinga's Bulls And Bears Of The Week: Apple, Toyota, Verizon And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The bullish calls during election week included automakers and a top telecom. The iPhone maker and a top solar stock were among the week's bearish calls. read more

5 Stocks That Could Make A Comeback In A Reopening Economy

Since the COVID-19 pandemic began and public health restrictions curtailed activities such as going out to eat or drink, traveling and entertainment, investor interest in those segments has waned.   Here are five stocks that have the potential to move when the economy opens back up: read more

Why This CEO Is Bullish On GM And Hershey, Bearish On Peloton And Beyond Meat

David Trainer, the CEO of New Constructs, shared with viewers of CNBC's "Trading Nation" three stocks he would buy and three stocks he would avoid. read more

Which Consumer Discretionary Stock Will Grow The Most By 2025?

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios through stocks, options and forex trading. read more