What's Going On With Tivic Health Systems (TIVC) Stock?

Tivic Health Systems, Inc. TIVC shares are rocketing higher Thursday. The stock appears to be moving on continued upward momentum from Wednesday.
What To Know:

Tivic Health Systems' shares rose by more than 50% on Wednesday after the company announced that enrollment has begun for the funded study of its bioelectronic device approach to vagus nerve stimulation.

Tivic Health Systems reported its second-quarter financial results on Tuesday which included quarterly revenue of $60 thousand and a net loss of $2.1 million for the quarter.

Last Friday, TIVC shareholders voted in favor of a reverse stock split in order to regain compliance with the Nasdaq minimum bid price requirement.

According to data from Benzinga Pro, more than 193 million shares have already been traded in the session, compared to the stock's 100-day average of 24.174 million shares.

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TIVC Price Action: According to Benzinga Pro, Tivic shares are trading 55% higher at 10 cents at the time of publication.

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