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Why Regional Health Properties Inc (RHE) Stock surged on Friday, May 7?

Regional Health Properties Inc (RHE) Stock soared 24.17% on Friday to close the session at $18.60 per share. Later in the after-hours session, RHE shares declined 3.17% to close at $18.01 per share. RHE shares have soared 1476.27% over the last 12 months, and they have moved up by 157.62% in the past week. Over the past three months, the stock has gained 157.98%, while over the past six months, it has added 1238.03%.

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Let’s see what’s going on with RHE recently?

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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.

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

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