Stock price soars as Micro Merchant Systems acquires Trxade assets

  • TRxADE Health shares surge 92% on asset purchase agreement with Micro Merchant Systems
  • Stock is up 68% over the last 12 months
  • Micro Merchant Systems to purchase assets of Trxade for $22.5 million
  • TRxADE to continue as a licensed pharmaceutical wholesaler

TRxADE Health shares have experienced a remarkable surge of 92% following the announcement of an asset purchase agreement with Micro Merchant Systems. The stock has shown consistent growth, with a 68% increase over the past year. Micro Merchant Systems has agreed to acquire the assets of Trxade, a subsidiary of TRxADE Health, for a cash payment of $22.5 million. Trxade operates a web-based market platform that facilitates trading between healthcare buyers and sellers of pharmaceuticals, accessories, and services. Despite the asset sale, TRxADE Health will continue to operate as a licensed pharmaceutical wholesaler through its subsidiary, Integra Pharma Solutions.

Factuality Level: 8
Factuality Justification: The article provides a straightforward report on TRxADE Health’s surge in shares following an asset purchase agreement with Micro Merchant Systems. It includes relevant details such as the percentage increase in stock price, the agreement details, and the future plans of TRxADE Health. The information presented is factual and does not contain any obvious bias, misleading information, or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about TRxADE Health’s recent surge in shares following an asset purchase agreement with Micro Merchant Systems. It includes details about the agreement, the price to be paid, and the impact on TRxADE’s subsidiary. However, the article lacks in-depth analysis, accountability, and actionable insights, which lowers the overall rating.
Financial Relevance: Yes
Financial Markets Impacted: TRxADE Health and Micro Merchant Systems
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the surge in TRxADE Health shares following an asset purchase agreement with Micro Merchant Systems. However, there is no mention of an extreme event or its impact.
Public Companies: TRxADE Health (N/A)
Private Companies: Micro Merchant Systems
Key People: Denny Jacob (N/A)

Reported publicly: www.marketwatch.com