GRIL Stock Price Increases Over 20% Pre-Market: Why It Happened

By Amit Chowdhry ● Feb 12, 2021
  • The stock price of Muscle Maker Inc (NASDAQ: GRIL) is trading at over 20% pre-market. This is why it happened.

The stock price of Muscle Maker Inc (NASDAQ: GRIL) is trading at over 20% pre-market as of 6:26 AM ET. Investors appear to be responding to a Schedule 13G/A filing with the SEC. 

The filing reveals that Altium Capital Management, LP now has zero shares of Muscle Maker. Back in September 2020, Altium Capital disclosed that it has 588,200 shares at a 5.3% stake.

Muscle Maker is the parent company of the Muscle Maker Grill, Healthy Joe’s, MMG Burger Bar, and Burger Joe’s. And the company plans to launch four additional brands that showcase prominent menu categories throughout 2021. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.