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-0.00302441819744677 -0.00035019579128334 -0.022762726433415 -0.00356562987488463 0.0792397567731049 0.0792397567731049 0.0792397567731049 0.0792397567731049
Stock impact report

Tiny Telehealth Stock Sinks 85% as Wild IPO Rally Collapses [Yahoo! Finance]

Mobile-health Network Solutions - Class A Ordinary Shares (MNDR) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Saudi Arabia Steps Up Arrests Of Those Attacking Israel Online Apple Rallies Most in 18 Months on Upbeat Forecast, Buyback Everything Apple Plans to Show at May 7 ‘Let Loose' iPad Event Trump Auditions VP Picks Before Wealthy Donors in Palm Beach Turkey Confirms All Trade Halt With Israel Over War in Gaza The stock plunged as much as 85% in intraday trading Friday to $3.30 a share, below the company's $4 IPO price. The movement triggered multiple volatility halts. It's a swift reversal for the stock, which surged more than 580% in its first weeks of trading, making it one of the hottest US IPOs of the year. The stock began trading above its IPO price on April 10 and rallied to close at more than $27 a share at its peak, pushing the company's market value to more than $925 million at the time. Friday's plunge erased $638 million from the company's valuation, bringing it to about $112 million. The telehealth provider brought in $7.9 billion in r Show less Read more
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