Why Aditxt Stock Is Volatile Today

Aditxt, Inc. ADTX shares are volatile Tuesday after the company announced it will acquire Appili Therapeutics.

The Details:

Aditxt’s wholly owned subsidiary, Adivir, Inc. will acquire all issued and outstanding Class A common shares of Appili in the transaction. 

Appili has developed FDA-approved Likmez (previously ATI-1501), its ATI-1701 biodefense program supported by a USD $14 million non-dilutive award from the U.S Department of Defense, and its ATI-1801 topical formulation targeting cutaneous leishmaniasis. 

Aditxt shares are moving on heavy trading volume following the announcement. According to data from Benzinga Pro, more than 12 million shares have already been traded in the session, compared to the stock’s 100-day average of 579,243 shares.

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Is ADTX A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Aditxt‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Aditxt does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 11.68%, you'll need to buy a share of Nuveen Floating Rate Inc. by April 12. Once done, you can expect to receive a nominal payout of $0.09 on May 1.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Aditxt will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

ADTX Price Action: According to Benzinga Pro, Aditxt shares are up 17.3% at $3.73 at the time of publication Tuesday.

Image: Michal Jarmoluk from Pixabay