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
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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.
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