MEDS - TRxADE Health Stock Skyrockets: Here's Why | Benzinga
TRxADE HEALTH, Inc. (NASDAQ:MEDS) shares are trading higher Wednesday after the company announced a special cash dividend of $8 per share.
The Details:
TRxADE Health said the special dividend is being paid using a portion of the proceeds from the closing of the recently announced sale of the company’s web-based market platform assets and is payable to stockholders of record as of March 18 with the dividend being paid on or about March 22.
TRxADE Health shares are moving on heavy trading volume following the dividend announcement. According to data from Benzinga Pro, more than 4.11 million shares have already been traded in the session, compared to the stock’s 100-day average of less than 232,000 shares.
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