SXTC Stock Increases Over 40% Intraday: Details You Should Know

By Amit Chowdhry ● Jul 16, 2021
  • The stock price of China SXT Pharmaceuticals Inc (NASDAQ: SXTC) increased by over 40% during intraday trading. These are some details you should know.

The stock price of China SXT Pharmaceuticals Inc (NASDAQ: SXTC) increased by over 40% during intraday trading. There are no company-specific news reports or SEC filings driving the stock price up.

This rally appears to be driven by investors active on social media coordinating a short squeeze. On social media, the investors cited the low float of the company stock as an opportunity for aggressive day trading.

China SXT Pharmaceuticals was founded in 2005 and the company launched in Taizhou City, Jiangsu Province, China. And the company is known as an innovative pharmaceutical company that is focused on the research, development, manufacture, marketing and sales of traditional Chinese medicine pieces.

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