Why OneMedNet Stock Is Soaring
Portfolio Pulse from Erica Kollmann
OneMedNet Corp (NASDAQ:ONMD) shares surged after announcing a three-year Master Services Agreement with a major U.S.-based medical technology company. The agreement involves using OneMedNet's iRWD platform to manage clinical data for over 150 million patients annually. Despite the recent gains, ONMD has lost 71.95% year to date and shows overbought conditions with an RSI of 79.7.
May 30, 2024 | 4:30 pm
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POSITIVE IMPACT
OneMedNet Corp shares surged 27.2% after announcing a three-year Master Services Agreement with a major U.S.-based medical technology company. The agreement involves using OneMedNet's iRWD platform to manage clinical data for over 150 million patients annually.
The announcement of a significant partnership with a major medical technology company is a strong positive catalyst for OneMedNet, leading to a 27.2% increase in share price. This partnership is expected to enhance OneMedNet's market position and revenue potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100