XpresSpa (XSPA) Stock Heads Up On Jim Cramer Comments

XpresSpa XSPA Stock News

XpresSpa Group Inc (NASDAQ: XSPA) stock is headed up in the market this morning, which may seem a bit strange to some. The reality is that today, the company’s one for three reverse stock split went into effect, and these moves generally cause declines.

Nonetheless, comments made by Jim Cramer on Mad Money seem to have investors excited about the potential of XSPA stock. Here’s what’s going on:

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Jim Cramer Sends XSPA Stock Up

First and foremost, I want to make it clear that Jim Cramer did not say anything about XpresSpa in particular. Instead, the comments made that seem to be sending the stock up were in a conversation about cruise lines and airlines.

In the comments, Cramer said that for airlines to survive and come back to thrive, they “need these rapid test machines in every airport,” explaining that in order for business to bounce back, consumers need to be safe. So, what does that have to do with XSPA? Well, everything!

Since the beginning of the coronavirus pandemic, XpresSpa has had plans to transform its airport real estate from spa centers to COVID-19 testing centers. In fact, recently, the company entered into an agreement with JFK International airport to pilot its COVID-19 testing center, which is in progress as we speak.

So, What’s The Big Deal?

The big deal here is simple. Jim Cramer isn’t the only expert that believes that for airlines to make a real comeback here, we need COVID-19 testing in airports. However, there is only one company that has this as a goal, XSPA.

Over the past few months, XpresSpa has trademarked the name XpresCheck and various logos. The company has worked with multiple airports, one of which is already launching a pilot of their in-airport COVID-19 testing idea.

The only negative that investors seem to be pointing to is the idea that airports themselves will not allow testing centers in their doors. However, JFK International proved this idea wrong. Now, should all go well at JFK, the success would likely lead to a domino effect, leading to testing centers in airports throughout the United States.

When this happens, XSPA isn’t just going to be a player on the field, it is going to be the cornerstone of the concept. The work the company is doing now has the potential to pay serious dividends in the near future, and with Jim Cramer validating the need for their work, XSPA is a stock that’s well worth watching.

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1 thought on “XpresSpa (XSPA) Stock Heads Up On Jim Cramer Comments”

  1. ok that’s good… like a no brainer all airports need this for the traveling public to feel safe and confident.

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