HTCR - HeartCore stock rallies 21% in wake of quarterly earnings report

Japanese software developer HeartCore (HTCR) saw its stock rally 21% Friday in the wake of its quarterly earnings report, but shares are still trading 30% lower than their initial public offering price. Shares opened at $2.92, reaching a session low of $2.88 before jumping to a high of $3.54. The stock closed at $3.49 per share, up 21% from the prior day. The company released its quarterly report late Thursday. HeartCore held its IPO on Feb. 10, offering 3M shares priced at $5 per share to raise $15M.

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HeartCore stock rallies 21% in wake of quarterly earnings report