Why Is Avalon Globocare (ALBT) Stock Down 27% Today?

  • Avalon Globocare (ALBT) stock is down on Tuesday after a recent rally.
  • That came alongside the company’s late Form 10-Q filing.
  • This filing also resulted in heavy trading of the company’s shares yesterday.
ALBT Stock - Why Is Avalon Globocare (ALBT) Stock Down 27% Today?

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Avalon Globocare (NASDAQ:ALBT) stock is down on Tuesday but only after the commercial real estate company’s shares underwent a massive rally on Monday on a recent filing.

That rally came after the company filed its Form 10-Q with the U.S. Securities and Exchange Commission (SEC). That’s worth noting as Avalon Globocare’s shares were in danger of being delisted due to that filing being late.

With that filing came heavy trading of ALBT stock on Monday. That resulted in more than 155 million shares of the stock changing hands yesterday. The company’s daily average trading volume is well below that at 2.6 million shares.

ALBT stock closed out trading on Monday up 316.9%. That also had Avalon Globocare’s shares up 161.7% since the start of the year.

ALBT Stock Movement on Tuesday

ALBT stock is down 26.8% as of Tuesday morning. It makes sense the company’s shares would give up some of their gains after yesterday’s rally.

Trading volume is also much lower this morning at about 1.3 million shares. That’s likely another reason for the stock’s slump today.

Investors who are seeking out even more of the most recent stock market stories are going to want to stick around!

We are offering up insight into all of the biggest stock market news that traders are going to want to read about on Tuesday! That includes all of the latest happenings affecting shares of Hywin (NASDAQ:HYW) stock, Fresh2 Group (NASDAQ:FRES) stock and MicroAlgo (NASDAQ:MLGO) stock this morning. You can catch up on all of these matters by checking out the links below!

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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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