Why Is RVL Pharmaceuticals (RVLP) Stock Up 40% Today?


  • RVL Pharmaceuticals (RVLP) stock is climbing Wednesday alongside heavy trading.
  • That’s despite a lack of news from the company.
  • This comes amid volatility following a recent bankruptcy filing.
RVLP Stock - Why Is RVL Pharmaceuticals (RVLP) Stock Up 40% Today?

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RVL Pharmaceuticals (NASDAQ:RVLP) stock is rising higher on Wednesday, even without any news from the specialty pharmaceutical company.

Shares of RVL Pharmaceuticals stock are climbing today despite the company not putting out any new press releases. It also hasn’t made any notable filings with the Securities and Exchange Commission (SEC). Likewise, there’s no new analyst coverage of the stock that would cause today’s rally.

Despite that, investors are piling into the stock today with heavy trading of RVLP shares. That has more than 53 million shares of the stock changing hands as of this writing. For the record, the company’s daily average trading volume is around 18.9 million shares.

Why This Matters to RVLP Stock

Investors will keep in mind that RVLP stock has been experiencing volatility recently. That’s due to the company filing for bankruptcy late last week. This news initially sent the company’s shares cratering lower.

Considering that filing, as well as today’s lack of news, traders will want to steer clear of RVLP stock right now. It’s likely RVL Pharmaceuticals’ shares are simply seeing a pump and dump from investors trying to take advantage of its volatility. That means it’s unlikely the stock will remain high for long.

RVLP stock is up 40.2% as of Wednesday morning.

There’s plenty more stock market news that investors are going to want to read about below!

Luckily, we’ve got all of that news ready to go with our Wednesday deep dives into the stock market! Among that is why shares of Shift Technologies (NASDAQ:SFT) stock are up, the biggest pre-market stock movers this morning and more. You can catch up on all of that news at the following links!

More Stock Market News for Wednesday

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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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