Hims & Hers Health Stock Explodes Higher, Gains Over 18 Percent
Shares of Hims & Hers Health Inc (NYSE: HIMS) experienced a massive surge in morning trading activity on April 29th. The telehealth company, known for its direct-to-consumer wellness products and services, saw its stock price jump significantly, drawing widespread market attention despite some early volatility.
As of 10:37 am GMT-4, Hims & Hers Health stock was trading at 33.76 USD. This represented a substantial gain of 5.28 USD, translating to an impressive 18.54 percent increase compared to the previous closing price of 28.48 USD.
The trading session began with a powerful gap upwards, as HIMS opened trading at 37.94 USD. This strong opening also marked the intraday high reached shortly after the bell. However, the initial surge was followed by some selling pressure, causing the stock to pull back to an intraday low of 33.42 USD before finding support and stabilizing near the 33.76 USD mark. Despite this retreat from the peak, the stock maintained a very significant double-digit gain for the day.
This current trading level places Hims & Hers Health stock within its broader 52-week range. Over the past year, the shares have traded as high as 72.98 USD and as low as 11.20 USD.
Key financial details indicate Hims & Hers Health has a market capitalization of 761.58Cr. The company currently trades with a Price to Earnings (P/E) ratio of 63.43. According to the provided information, Hims & Hers Health does not currently distribute a dividend yield to its shareholders. Investors are keenly watching HIMS following this dramatic positive move in the healthcare and telehealth space.
