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Why Regional Health Properties Inc (RHE) stock had a GOOD Friday?

GILD Stock

GILD Stock

Regional Health Properties Inc (RHE) stock gained 38.05% in the normal trading session on Friday and closed at $7.22 per share. later in the after-hours session, it continued its momentum and further gain 15.65% to close at $8.35 per share.

RHE shares have surged 492.78% over the last 12 months, and they have moved up by 79.16% in the past week. Over the past three months, the stock has gained 3.59%, while over the past six months, it has added 401.39%.

Let’s see what’s going on with RHE.

Recent Financial results

On April 1, 2021, Regional Health Properties released its financial results for the fourth quarter and for the year ended December 31, 2020.

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Q4 2020 financial highlights

FY-2020 financial highlights

Unusual Trading Activity

On December 28, 2020, Regional Health Properties commented on unusual trading activity in the Company’s common stock.

The Company confirmed that it is not aware of any undisclosed material change in the business, operations, or affairs of the Company that would account for the recent increase in the share price and the trading volume of the Company’s common stock.

Conclusion

Well, as of this writing there is no recent news in the market about RHE to justify its surge on Friday. it is hard to predict how RHE stock will start the new week on Monday.

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