Why TRxADE Health (MEDS) Stock Is Rocketing Thursday
Portfolio Pulse from Erica Kollmann
TRxADE Health (MEDS) stock is surging on high volume after a 1-for-15 reverse stock split took effect today, reducing the company's outstanding shares from 10,210,878 to 680,726. The reduced number of shares combined with high trading volume has increased price volatility.
June 22, 2023 | 3:42 pm
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TRxADE Health's stock price is experiencing increased volatility due to the 1-for-15 reverse stock split, which has reduced the number of outstanding shares and attracted high trading volume.
The reverse stock split has reduced the number of outstanding shares, making the stock more scarce and potentially more valuable. The high trading volume indicates increased interest in the stock, which can drive the price higher in the short term.
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