Shares of low-float TRxADE Health are trading higher on abnormally-high volume. The company yesterday announced a 1-for-15 reverse stock split, which took effect today.
Portfolio Pulse from Benzinga Newsdesk
TRxADE Health's shares are trading higher on unusually high volume following the announcement of a 1-for-15 reverse stock split, which took effect today.
June 22, 2023 | 2:38 pm
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TRxADE Health (MEDS) shares are trading higher on abnormally high volume after the company announced a 1-for-15 reverse stock split, effective today.
The 1-for-15 reverse stock split announcement has led to increased trading volume and a higher share price for TRxADE Health. This is likely due to investors reacting positively to the news, as reverse stock splits can be seen as a way to stabilize the stock price and attract more institutional investors.
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