XpresSpa XSPA Stock News

XpresSpa Group Inc (NASDAQ: XSPA) has been on a strong run for the top as of late, and that run continues today. In the premarket, the stock is up 7%, but no news has been released? So, what’s the deal?

Investors seem to be digging up evidence of the company’s work to temporarily turn its airport real estate into COVID-19 testing centers. Here’s what’s going on:

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XSPA Stock Is Heading Up As It Works Toward XpresCheck Launch

As mentioned above, since XpresSpa announced that it would be temporarily converting its airport real estate into COVID-19 testing centers, the stock has been heading up. The gains are continuing today after investors dug up two pieces of evidence that the company is working hard to realize this goal.

Across message boards, we’re seeing two key links being shared:

  • USPTO – The first link is a link to a page on the United States Patent and Trademark Office website. On the page, four trademark filings are listed for different versions of an XpresCheck logo. This is key as XpresCheck is going to be the brand for the COVID-19 testing centers once they are launched.
  • Salary.com – The second link being circulated across XSPA message boards is a link to a page on Salary.com. On the page, Salary.com lists the different job titles that it knows about at the company. Interestingly, one of these job titles is laboratory assistant. As a result, we can see that the company is hiring to build teams for these XpresCheck facilities.

What’s The Big Deal?

We all know that COVID-19 is a big issue. After all, it has changed our lives and most people simply can’t wait until the pandemic passes. XSPA will potentially be a key player in this. Should this happen, that’s a huge opportunity.

Think about it, no matter what expert you ask what we need for the pandemic to come to an end, one of the key pieces to the puzzle is adequate testing. Not only does testing need to be accurate, it needs to widely available at scales that we simply don’t have now.

Of course, XpresSpa will play a role by providing more tests. However, it’s not just about the company’s involvment in the testing industry, the company’s real estate plays a key role as well.

Many argue that for the pandemic to get under control, we need testing in hospitals and other points of entry for travelers. Due to its business model from the beginning, XSPA has several locations in several popular airports. These locations are key.

Due to its real estate in airports, the company has access to a massive amount of travelers every single day. This access means that the company can be a key point of inflection in the fight to push COVID-19 into extinction.

With evidence starting to arise that XSPA is working dilligently to bring its testing solution to its airport facilities, there’s good reason to be excited about the stock here!

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