SXTC Stock Price Increased Over 20% Pre-Market: Why It Happened

By Amit Chowdhry ● Mar 29, 2021
  • The stock price of China SXT Pharmaceuticals Inc (NASDAQ: SXTC) has increased by over 20% pre-market. This is why it happened.

The stock price of China SXT Pharmaceuticals Inc (NASDAQ: SXTC) – a pharmaceutical company that engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine piece tablets (TCMP) in China – has increased by over 20% pre-market. 

There does not seem to be any direct news from the company today, but I will update this article if anything surfaces so it appears that there are external factors at play.

I am speculating that there is a sympathy play in effect that is driving the stock price up. For example, China Pharma Holdings is also trading up over 200% at the pre-market today as well. Investors were responding to China Pharma Holdings’ company’s fiscal year 2020 financial results.

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