Dear KLDO Stock Fans, Mark Your Calendars for April 28

Kaleido Biosciences (NASDAQ:KLDO) stock is rocketing higher on Wednesday but anyone considering a stake in the company will want to keep an eye on April 28.

delisted stocks delisting text written on a keyboard representing KLDO Stock.

Source: arfa adam / Shutterstock.com

That’s when the company intends to delist shares of KLDO stock from the Nasdaq Exchange. This is a voluntary action as Kaleido Biosciences is winding down its business and ceasing all ongoing operations.

The delisting and operations ending news initially sent KLDO stock cratering lower, which makes sense. What comes as a surprise is the recent interest retail traders have taken in the company after that announcement.

Shares of KLDO stock are seeing incredibly heavy trading today as day traders appear to boost them higher. This has some 146 million shares of the stock changing hands as of this writing. That’s a massive leap over the company’s daily average trading volume of about 859,000 shares.

It’s worth pointing out that Kaleido Biosciences didn’t decide to shut down its business without warning. The company had already initiated a strategic process in an attempt to secure a deal that was in the interest of shareholders. Unfortunately, that didn’t come to pass.

KLDO stock is up 148.4% as of Wednesday afternoon but is still down 84.2% since the start of the year.

Investors searching for more stock market news will want to keep reading!

We’ve got all the latest news that traders need to know about for Wednesday! A few examples include what’s happening with shares of HighPeak Energy (NASDAQ:HPK) stock, Sierra Oncology (NASDAQ:SRRA) stock, and Uber Technologies (NYSE:UBER) stock today. You can read up on all of that at the following links!

More Stock Market News for Wednesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Read More:Penny Stocks — How to Profit Without Getting Scammed


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