TRxADE Health Stock Skyrockets: Here's Why
Portfolio Pulse from Erica Kollmann
TRxADE HEALTH, Inc. (NASDAQ:MEDS) announced a special cash dividend of $8 per share, funded by the sale of its web-based market platform assets. The dividend is payable to stockholders of record as of March 18, with payment on March 22. Following the announcement, MEDS shares surged 82.5% to $15.20, with trading volume exceeding 4.11 million shares, significantly above the 100-day average of less than 232,000 shares.
March 06, 2024 | 5:00 pm
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POSITIVE IMPACT
TRxADE HEALTH announced a significant special dividend of $8 per share, leading to a substantial increase in its stock price and trading volume.
The announcement of a substantial special dividend typically leads to a positive investor reaction, as it directly rewards shareholders. The significant increase in MEDS stock price and trading volume is a direct result of this announcement, reflecting heightened investor interest and perceived value.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100