Synergy CHC Corp. (Uplisting)’s (NASDAQ:SNYR) Quiet Period Will Expire on December 2nd

Synergy CHC Corp. (Uplisting)’s (NASDAQ:SNYR) quiet period is set to expire on Monday, December 2nd. Synergy CHC Corp. (Uplisting) had issued 1,150,000 shares in its initial public offering on October 23rd. The total size of the offering was $10,350,000 based on an initial share price of $9.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Synergy CHC Corp. (Uplisting) Stock Performance

Shares of Synergy CHC Corp. (Uplisting) stock opened at $5.76 on Monday. Synergy CHC Corp. has a 12 month low of $0.12 and a 12 month high of $10.00. The business’s fifty day simple moving average is $5.73.

Insider Activity

In other news, CEO Jack Ross purchased 300,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $9.00 per share, with a total value of $2,700,000.00. Following the purchase, the chief executive officer now directly owns 300,000 shares of the company’s stock, valued at $2,700,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

About Synergy CHC Corp. (Uplisting)

Synergy CHC Corp. provides consumer health care, beauty, and lifestyle products in the United States, Canada, and the United Kingdom. It offers brain health nutritional supplements under the FOCUSfactor brand name; lifestyle and wellness products and accessories, including tea, shakes, lollipops, supplements, apparel, and exercise accessories under the Flat Tummy brand name; products for hands under the Hand MD brand name.