On Tuesday, there were many stocks which recorded substantial losses and one of those was that of Integrity Health Corporation (OTCMKTS:FTEG). Due to a strong selloff in the stock yesterday, the Integrity Health stock tanked by as much as 17% and it now remains to be seen if the stock can make a recovery any time soon.
Market Reaction
On Tuesday, FTEG stock moved down 16.67% to $0.0003 with more than 102.51 million shares, compared to its average volume of 203.81 million shares. The stock has moved within a range of $0.0002 – 0.0003 after opening trade at $0.0003.
Recent News
That being said, investors need to remember that there was no news about the company yesterday that may have led to such a selloff. In fact, to many investors the decline in the Integrity Health stock may even appear speculative or random.
As it happens, the last time the company was in the news was back on August 11, 2021 when it announced that Healthcare Expert and Radiology Clinician and Administrator Rob Snyder was going to be added to the medical team at Integrity Health.
At the time the company noted that he was going to bring a new perspective to the medical team at the company. It should be noted that Snyder is a seasoned professional and has experienced that spans as long as 26 years. However, at the same time, it should be noted that investors could consider tracking the news with regards to Integrity Health over the coming days.
Traders Review
FTEG stock is trading below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0008. The stock is down 77% over the past 6-month.
