Healthcare Solutions Management Group Inc (OTCMKTS:HSMD) Stock Continues to Trade in a Narrow Range
The change in the ticker symbol of a stock is an important development since it can have a major effect on the stock. Yesterday, Healthcare Solutions Management Group Inc (OTCMKTS:HSMD) was in the news after the company announced that it had finally changed its ticker symbol.
Market Stats
On Thursday, HSMD stock ended flat at $5.10 with 6 shares, compared to its average volume of 247 shares. The stock has moved within a range of $5.10 – 5.10 after opening trading at $5.10.
Latest News
The ticker symbol has been changed to HSMD from VRTY. In addition to that, the company also noted that the change had actually gone into effect on November 26, 2021. The announcement from the company on Thursday did not lead to any major move in the stock and it continued to trade in a range.
In this context, it may be a good idea for investors to keep in mind that earlier on in the year in April, Healthcare Solutions Management Group had concluded a merger with Healthcare Solutions Holdings Inc. As a result of the merger, it became a fully owned subsidiary of Healthcare Solutions Holdings and the business that belonged to Healthcare Solutions Holdings became its business.
The change of the ticker symbol seems to be part of the continued efforts from the company to reflect its new identity. It remains to be seen if he stock continues to stay in a range today or not.
