HIMS Stock Price Increases Over 25% Pre-Market: Why It Happened

By Amit Chowdhry ● Jan 28, 2021
  • The stock price of Hims & Hers Health Inc (NYSE: HIMS) has increased by over 25% pre-market today. This is why it happened.

The stock price of Hims & Hers Health Inc (NYSE: HIMS) has increased by over 25% pre-market today. One of the main triggers for the stock price appears to be Cathie Wood’s ARK Investment Management disclosing it bought 461,611 shares in the company. ARK Investment Management is known for running a number of funds that have seen solid gains.

What does Hims & Hers Health do? It is a telehealth platform that links consumers to licensed healthcare professionals. And it recently completed a merger with special purpose acquisition company Oaktree Acquisition — which is sponsored by Oaktree Capital Management, L.P.

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