Synergy CHC Corp. (Uplisting)’s (NASDAQ:SNYR – Get Free Report) quiet period will end on Monday, December 2nd. Synergy CHC Corp. (Uplisting) had issued 1,150,000 shares in its IPO on October 23rd. The total size of the offering was $10,350,000 based on an initial share price of $9.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Synergy CHC Corp. (Uplisting) Stock Performance
Shares of SNYR opened at $5.76 on Friday. Synergy CHC Corp. has a fifty-two week low of $0.12 and a fifty-two week high of $10.00. The business has a 50-day simple moving average of $5.73.
Insider Buying and Selling
In related news, CEO Jack Ross purchased 300,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $9.00 per share, with a total value of $2,700,000.00. Following the transaction, the chief executive officer now directly owns 300,000 shares in the company, valued at $2,700,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
About Synergy CHC Corp. (Uplisting)
Synergy CHC Corp. provides consumer health care, beauty, and lifestyle products in the United States, Canada, and the United Kingdom. It offers brain health nutritional supplements under the FOCUSfactor brand name; lifestyle and wellness products and accessories, including tea, shakes, lollipops, supplements, apparel, and exercise accessories under the Flat Tummy brand name; products for hands under the Hand MD brand name.
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