Traders cash in on NoveBay Pharmaceuticals a day after the stock exploded tenfold
Investors in NovaBay Pharmaceuticals Inc (NYSEAMERICAN:NBY) are enjoying a little profit taking a day the stock increased nearly tenfold.
On Wednesday morning, the Emeryville, California company announced that its dry eye treatment Anenova Direct was now available on Amazon.com Inc (NASDAQ:AMZN) without a prescription. Shares exploded 869% to $3.10 from $0.32 — such a jolt that trading was halted for volatility 18 times, per MarketWatch.
The stock receded 19% Tuesday to $2.50 as traders cashed in some of their profits.
READ: Amazon now carrying NovaBay Pharmaceuticals’ Avenova eye-care product; shares skyrocket
“Patients throughout the U.S. can now purchase Avenova Direct without a prescription in Avenova’s original prescription formulation,” Interim CEO Justin Hall said. “I firmly believe this is the best product available for the topical treatment of these chronic ocular bacterial infections.”
Avenova Direct is currently $29.99 on Amazon for a 20ml bottle.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/221906/traders-cash-in-on-novebay-pharmaceuticals-a-day-after-the-stock-exploded-tenfold-221906.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).