What's Going On With Mobile-Health Network Solutions Stock?

Zinger Key Points
  • Mobile-Health Network Solutions made its public debut on the Nasdaq last Wednesday.
  • On Monday, Mobile-Health Network Solutions put out a press release celebrating its successful IPO.

Mobile-Health Network Solutions MNDR shares are trading higher Monday amid post-IPO volatility.

What Happened: Mobile-Health Network Solutions made its public debut on the Nasdaq last Wednesday when the stock began trading under the ticker symbol “MNDR.”

The Asia-Pacific telehealth provider announced the closing of its IPO of 2.25 million shares at a price of $4 per share late last week. The company said it generated a total of $9 million in gross proceeds.

On Monday, Mobile-Health Network Solutions put out a press release celebrating its successful IPO, which it said makes it the first pure-play telehealth company from the Asia-Pacific to list on a major U.S. stock exchange.

“This IPO is a significant achievement for MNDR and reflects the surging demand for telehealth solutions across the APAC region. Our listing on the Nasdaq will fuel our growth plans and expand our investor base,” said Siaw Tung Yeng, co-CEO of Mobile-Health Network Solutions.

Mobile-Health Network Solutions stock has experienced increased attention from retail investors in recent trading sessions. The stock was trending across various social platforms and was among the top trending tickers on Stocktwits at last check.

See Also: Why Organovo Stock Is Up Today

How To Buy MNDR Stock

By now you're likely curious about how to participate in the market for Mobile-health Network – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Mobile-health Network, which is trading at $18.84 as of publishing time, $100 would buy you 5.31 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

MNDR Price Action: Mobile-Health Network Solutions shares were up 30.3% at $19.57 at the time of publication, according to Benzinga Pro.

Photo: 3844328 from Pixabay.

Market News and Data brought to you by Benzinga APIs
Posted In: NewsMoverswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...