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Why Genesis Healthcare Is Trading Lower Today

March 3, 2021 10:54 am
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Genesis Healthcare's Stock Price And Volume Action

Genesis Healthcare (NYSE:GEN) is currently down 28.6% to a price of $0.59. Wednesday the stock has been traded at a volume of 11.08 million, about 240.89% of its recent 30-day volume average of 4.62 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Genesis Healthcare shares are trading lower after the company announced it will voluntarily delist its Class A common stock from the NYSE and deregister its common stock under the Securities Exchange Act of 1934.

See also: Best Private Health Insurance

Perspective On Recent Price Action

The moving average price of the stock over the past 50 days was $0.73 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $1.75 and as low as $0.4.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

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