Why NovaBay's Stock Is Trading Higher Today

NovaBay Pharmaceuticals, Inc. NBY shares are trading higher after the company announced the launch of its Avenova Facial Sanitizer on Walmart Inc. WMT website.

"The availability of Avenova through online retail giant Walmart is a major win for NovaBay and our customers," said Justin Hall, NovaBay's CEO. "We continue to view online sales as the greatest growth channel for Avenova, particularly as pandemic-concerned consumers shift to buying more products online."

NovaBay is a biopharmaceutical company that develops and commercializes non-antibiotic anti-infective products to address the therapeutic needs of the anti-infective market in the United States and internationally.

NovaBay's stock was trading up 10.42% at $1.06 per share on Monday at the time of publication. The company has a 52-week high of $1.94 and a 52-week low of $0.24.