TRxADE Health (NASDAQ:MEDS) jumped 62% following a Telemedicine Service Distribution agreement between its subsidiary Bonum Health and Big Y Pharmacy and Wellness Centres. The agreement means that Bonum Health will be offering its services to Big Y pharmacies in Connecticut and Massachusetts. The services include the provision of telemedicine services to patients and direct prescription discount savings access.
Bonum Health president Ashton Maaraba said they are delighted to partner with Big Y and its leading Health & Wellness team and in-store staff. Maaraba added that Big Y pharmacy management saw the opportunity to offer enhanced access to discounted care to patients and enhance prescription discounts under Bonum Health’s digital platform.
MEDS stock saw heavy trading on Thursday after the announcement, with over 74 million shares changing hand so far. This is more than the company’s average daily trading volume of 3.4 million shares. Year to date, the stock has gained 37.4%, and in the coming weeks, MEDS is a stock to watch.
Market Reaction:
On Thursday, MEDS stock surged 62.50% to $7.17 with more than 96 million shares, compared to its average volume of 3.43 million shares. The stock has moved within a range of $ 6.57 – 9.49 after opening the trade at $8.96. Over the past 52-week, the stock has been trading within a range of $3.10 – 10.82.
 Stock Break Out Alert: Time To Buy Now?){kind=link}