Why Is Universe Pharmaceuticals (UPC) Stock Down 29% Today?
UPCUniverse Pharmaceuticals(UPC) InvestorPlace·2024-02-20 21:32

Universe Pharmaceuticals (NASDAQ:UPC) stock is falling on Tuesday after the company’s shares experienced a rally during the prior day of trading. Shares of UPC closed out Friday up 43.9% without any clear news from the traditional Chinese medicine company. Instead, the rally came as more than 716,000 shares changed hands when normal trading hours ended. For comparison, the company’s daily average trading volume is well below that at roughly 95,000 shares. Chinese stocks have seen volatility recently and it’ ...