After trading sideways since morning, Assertio Holdings Inc (NASDAQ:ASRT) stock started gaining attention moved up nicely in the late morning session.
The stock is now trading up by 23.05% to $1.87 after hitting a session high of $1.92. Interestingly, the rally has been drive by a very unusual volume. The stock has witnessed a total volume of 11.12 million shares – 5.50X its daily average volume.
ASRT stock has seen a roller-coaster ride so far this year. The stock start the year at around $1.76 and soared all the way to its 52-week high of $5.80 in mid-February – that’s a 220% jump in 6weeks. However, since then the stock has been seeing selling pressure and moved back to its 52-week low of $1.32 in May.
Earlier this month, the stock has reversed split at 1-for-4. Keep an eye on ASRT as the stock sees good momentum high volume.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.