By Stephen Nakrosis
Shares of Cosmos Holdings Inc. have been risky Friday, with the inventory falling 40% earlier Friday earlier than regaining losses and surging 120% increased.
At 3:45 p.m. ET, the inventory was buying and selling 120.48% increased, at $18.19 per share. Quantity on the time topped 98 million shares, above the inventory’s 65-day common quantity of some 2.1 million shares.
As reported, the inventory had fallen 40% earlier Friday. Shares traded as little as $2.86 and as excessive as $13.20 every in Friday’s market.
The healthcare group, which does enterprise as Cosmos Well being, carried out a 1-for-25 reverse inventory cut up that took impact on Friday. The corporate mentioned it carried out the reverse cut up to regain compliance with Nasdaq itemizing necessities.
Buying and selling within the firm’s shares was paused a number of occasions of Friday attributable to volatility.
Cosmos Holdings’ companies embrace branded prescribed drugs, generic prescribed drugs and well being merchandise and meals dietary supplements.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
