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WORK Medical Technology Group Ltd (NASDAQ:WOK) shares are trading lower on Wednesday. The decline follows extreme volatility and intense profit-taking following a massive, news-driven rally earlier in the week.
Volatility Hits Post-Rally Highs
The Hangzhou-based supplier saw shares spike 69.67% to $11.30 during Tuesday’s session. Traders are now cooling off after that rapid ascent.
The initial rally stemmed from a deal with Shanghai Novabioplus Biotechnology Co., Ltd. The agreement focuses on a “Data-Model-Application” trinity, which the Management calls a “significant milestone” for their digital ecosystem evolution.
Digital Assets and BioToken …
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