Assertio (ASRT) Stock Jumps And Falls Quickly: A Bearish Signal?

The Assertio Holdings Inc (NASDAQ: ASRT) stock emerged as one of the major gainers on Thursday and it is likely going to be in focus today among investors.

The stock may not have had a great time over the past 12 months, having gone down by as low as 42.42% up until Wednesday’s close, but yesterday, it soared by 20% at the beginning of the trading session. Later on, the Assertio stock jumped another 2%. While the movement in the stock may have been impressive, there was no news that might have triggered it.

Related:  Geron (NASDAQ: GERN) rises weekly. Here is why

Back on March 11, Assertio had announced its financial results for the fourth quarter of 2020 and for the full year 2020 as well. It might be worthwhile to take a look at some of the numbers. In the fourth quarter, the net product sales stood at $29.8 million, while the same for the full year came in at $93.5 million. Net loss for the fourth quarter was $24.4 million, but the same for the full year was $28.1 million.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.