Following were the major smallcap gainers in the Pharmaceutical Retailers Sector on Wednesday. Keep these stocks on your radar this week.
PetMed Express, Inc. (NASDAQ:PETS) was the biggest gainers in the Pharmaceutical Retailers Sector as the stock soared 58.40% to close at $46.06. The stock saw higher than average volume with more than 11.08 million shares exchanged hands, compared to its average volume of 466K shares. The stock has surged about 44% year-to-date. Moreover, the stock has moved up almost 50% over the past 6-month. The stock is trading 19% below its 52-week high and 70% higher from its 52-week low.
The online pet pharmacy seemed to benefit from the same interest from investors on Reddit’s WallStreetBets forum and other online platforms who were looking to execute a short squeeze, though PetMed Express wasn’t specifically mentioned on WallStreetBets. As of May 13, 35% of the stock’s float was sold short, meaning a significant number of investors were betting that the stock would fall.
LifeMD, Inc. (NASDAQ:LFMD) was another gainer in the Sector as the stock closed at best level since early April. The stock moved up 12.84% at $14.32. The stock witnessed light volume as more than 921K shares have been traded hands – compared to its average volume of 1.58 million shares. The stock has fallen 13% over the past quarter.
OraSure Technologies (NASDAQ:OSUR) continued to move higher and extended weekly gains. On Wednesday, stock has gained by 2.37% to end the session at $9.52. After opening at $9.30, the stock has moved within a wide range of $ 9.28 – 9.59. The stock has fallen 21% over the past six months. The stock is trading 51% below its 52-week high and 11% higher from its 52-week low.
