Why Guardion Health Sciences Stock Is Up Today
Portfolio Pulse from Erica Kollmann
Guardion Health Sciences, Inc. (NASDAQ:GHSI) stock rose after announcing the sale of its subsidiary Activ Nutritional, LLC, which owns Viactiv, to Doctor's Best Inc., a subsidiary of Kingdomway USA Corp., for $17.2 million. The transaction is expected to close by June 30, 2024, subject to stockholder approval. The news has led to heavy trading volume, with shares up 50% at $8.05.

January 31, 2024 | 5:52 pm
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POSITIVE IMPACT
Guardion Health Sciences' stock has risen due to the sale of its Activ Nutritional subsidiary to Doctor's Best for $17.2 million, with the deal expected to close by Q2 2024.
The sale of a subsidiary often leads to a positive market reaction as it can provide a company with a significant cash infusion and the potential to streamline operations. The substantial increase in stock price reflects investor optimism about the deal's financial benefits to Guardion Health Sciences. However, the deal's closure is subject to stockholder approval, and the final impact will depend on the successful completion of the transaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100