Shares of Mangoceuticals Inc.
fell 6.7% in premarket trading, to extend their sharp pullback from the previous session’s intraday high. The stock had rocketed as much as 60.8% to an intraday high of $2.38 soon after Thursday’s open, but closed up just 10.8%, after the erectile dysfunction drug maker announced a sponsorship deal with Barstool Sports. Trading volume had spiked to 44.9 million shares on Thursday, compared with the full-day average before the rally of about 376,500 shares.
fell 6.7% in premarket trading, to extend their sharp pullback from the previous session’s intraday high. The stock had rocketed as much as 60.8% to an intraday high of $2.38 soon after Thursday’s open, but closed up just 10.8%, after the erectile dysfunction drug maker announced a sponsorship deal with Barstool Sports. Trading volume had spiked to 44.9 million shares on Thursday, compared with the full-day average before the rally of about 376,500 shares.
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