biote Corp. (BTMD) Surges 10.4%: Is This an Indication of Further Gains?
BTMDbiote (BTMD) ZACKS·2024-06-24 16:30

biote Corp. (BTMD) shares ended the last trading session 10.4% higher at $7.30. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12% gain over the past four weeks. The sharp upsurge in Biote's shares can be attributed to the company's announcement that it has signed a binding term sheet with stockholder Marci Donovitz, the ex-wife of founder Gary Donovitz, to resolve her legal claims. She claims that the blank-check ...