Psychedelics-based wellness products manufacturer Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) (MMED.NE) listed on NASDAQ on Tuesday and its debut on the exchange wasn’t great.
The stock declined by as much as 29% yesterday and that was in stark contrast to the 130% gains that it had clocked over the previous two trading sessions. However, MNMD stock is gaining momentum in the pre-market session this morning and up by 13.68% at $4.57.
The Mind Medicine stock used to trade on the OTC Markets prior to its listing on NASDAQ. The company wanted to uplist with the aim of being more visible to a larger pool of investors.
While it is true that the stock tanked on its NASDAQ debut, it is necessary to point out that there was a fair bit of trading in the stock as well.
Keep an eye on MNMD stock as we may see higher volatility in the coming sessions.
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A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.