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Why Is Vivos Therapeutics (VVOS) Stock Down 35% Today?

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  • Vivos Therapeutics (VVOS) stock is falling on Thursday after a rally on Wednesday.
  • That rally came after the FDA approved one of its devices.
  • Today’s movement simply looks to be the stock settling after yesterday’s run.
VVOS Stock - Why Is Vivos Therapeutics (VVOS) Stock Down 35% Today?

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Vivos Therapeutics (NASDAQ:VVOS) stock is falling on Thursday after the medical technology company’s shares underwent a massive rally on Wednesday.

During normal trading hours yesterday, shares of VVOS stock rallied 831.8% higher. That came alongside 46 million shares changing hands. For comparison, its daily average trading volume is about 950,000 shares.

The incredible rise in VVOS’ stock price came after the Food and Drug Administration (FDA) approved its sleep apnea treatment device. This covers its removable CARE oral applications.

That’s a big deal for VVOS stock as this marks the first time the FDA has approved such a device. Outside of this, sleep apnea treatments are limited to CPAP or surgical neurostimulation implants.

VVOS Stock Movement Today

Considering the incredible rally shares of VVOS stock saw yesterday, it makes sense it would give up some of those gains in the following days. However, it’s not due to a major selloff.

As of this writing, around 370,000 shares of VVOS stock have been traded. That’s still a ways off from the company’s daily average mentioned above.

Investors will also note that VVOS stock is down 35.1% as of Thursday morning. However, it’s still up 121% year-to-date as of yesterday’s close.

Investors seeking out even more of the most recent stock market stories are in luck!

We have all of the hottest stock market news for Thursday! A few examples include what’s sending shares of Connexa Sports Technologies (NASDAQ:CNXA) and Aditxt (NASDAQ:ADTX) stock higher, as well as the biggest pre-market stock movers this morning. All of that news is ready to go at the following links!

More Thursday Stock Market News

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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.


Article printed from InvestorPlace Media, https://investorplace.com/2023/11/why-is-vivos-therapeutics-vvos-stock-down-35-today/.

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