Assertio Holdings (Nasdaq: ASRT) shares jumped before the market opening hours today. While Healthcare Company ASRT has yet to issue more news or press releases, it is up 11.35% in premarket trading. So, what do you need to know? And why is ASRT stock trending higher today? Let’s review the Company’s recent announcements with these questions in mind.
• Assertio Holdings (Nasdaq: ASRT) announced that on December 29, 2020, Nasdaq Stock Market LLC’s Listing Qualifications Department approved the transfer of the Company’s listing Nasdaq Capital Market from the Nasdaq Global Select Market.
• On December 15, the Company announced a comprehensive restructuring plan to reduce its costs and adjust the organization’s size.
The first week of New year has undoubtedly brought an upbeat feeling to investors. Still, it seems this upward stock movement is taking positives from announcements of the recent developments from the Company, and this trend might follow longer than expected.