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A way to think about stocks that move up suddenly. Analyzing the press release of WORX | Nightly Business Review
The stock of WORX (SCWorx Corp) went up by more than 400% today; what could this mean for the future of the stock? And, how should one think about this major contract with Rethink MyHealthcare? #FinanceED #RobinhoodInvesting #WORXStock #stockmarket
In tonight's edition of the Nightly Business Review we take a look at this incredible news about move by WORK stock. It was one of the most popular stocks in the stock market today. I go over some scenarios about what this news could mean for SCWorx's WORX stock; and, I also talk about dilution.
Stay informed. Let's learn and understand these major developments in the global equity markets!
Stocks Covered in Today's Episode:
Scworx Corp NASDAQ: WORX
S&P 500 Index INDEXSP: .INX
From Yahoo! Finance: "SCWorx Corp. (WORX) announced today that it has received a committed purchase order from Rethink My Healthcare, a U.S.-based virtual healthcare network, for two million COVID-19 Rapid Testing Units, with provision for additional weekly orders of 2 million units for 23 weeks, valued at $35M per week. Under the Order, SCWorx will supply Rethink My Healthcare with IgM/IgG Rapid Detection Kits. SCWorx anticipates receiving the first 2 million rapid detection kits within approximately two weeks."
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By Finance EDThe stock of WORX (SCWorx Corp) went up by more than 400% today; what could this mean for the future of the stock? And, how should one think about this major contract with Rethink MyHealthcare? #FinanceED #RobinhoodInvesting #WORXStock #stockmarket
In tonight's edition of the Nightly Business Review we take a look at this incredible news about move by WORK stock. It was one of the most popular stocks in the stock market today. I go over some scenarios about what this news could mean for SCWorx's WORX stock; and, I also talk about dilution.
Stay informed. Let's learn and understand these major developments in the global equity markets!
Stocks Covered in Today's Episode:
Scworx Corp NASDAQ: WORX
S&P 500 Index INDEXSP: .INX
From Yahoo! Finance: "SCWorx Corp. (WORX) announced today that it has received a committed purchase order from Rethink My Healthcare, a U.S.-based virtual healthcare network, for two million COVID-19 Rapid Testing Units, with provision for additional weekly orders of 2 million units for 23 weeks, valued at $35M per week. Under the Order, SCWorx will supply Rethink My Healthcare with IgM/IgG Rapid Detection Kits. SCWorx anticipates receiving the first 2 million rapid detection kits within approximately two weeks."
Nightly Business Review Episodes:
Luckin Coffee Stock (LK) just got T1 HALTED. What does this News and Halts mean?https://www.youtube.com/watch?v=MdsGR...