What's Going On With TRxADE Health (MEDS) Stock?
Portfolio Pulse from Erica Kollmann
TRxADE HEALTH, Inc. (NASDAQ:MEDS) shares have surged over 40% in a single session and over 160% in the last 30 days, despite no company-specific news. The stock has seen heavy trading volume, with over 10 million shares traded in the session, significantly higher than the 100-day average of 654 thousand shares. Last week, the company announced that Superlatus, a company it recently merged with, agreed to acquire The Urgent Company and its portfolio of brands.

September 01, 2023 | 3:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
TRxADE HEALTH, Inc. (NASDAQ:MEDS) shares have seen a significant surge in price and trading volume. The recent announcement of Superlatus acquiring The Urgent Company could be a contributing factor.
The surge in MEDS shares and trading volume, despite no company-specific news, suggests increased investor interest. The recent merger announcement could be driving this interest, as it could potentially expand TRxADE HEALTH's business and increase its revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100