iFresh's Stock Is Surging Higher Today

by Tanzeel Akhtar, Benzinga Staff Writer

February 11, 2021 3:58 PM | 1 min read |

iFresh Inc IFMK shares are trading higher Thursday on abnormal volume levels. There is no company-specific news to justify the price action.
iFresh Inc is an Asian/Chinese grocery supermarket chain in the North-Eastern U.S. providing food and other merchandise hard to find in mainstream grocery stores. The company has two reportable and operating segments: Retail segment and Wholesale segment. It offers seafood, vegetables, meat, fruit, frozen goods, groceries, and bakery products through its retail stores. The company generates a majority of its revenue from its retail segment.
iFresh was trading up 151% at $3.77. The stock has a 52-week high of $4.25 and a 52-week low of 34 cents.