What's Going On With SCWorx (WORX) Shares Friday?

SCWorx Corporation WORX shares are trading over 70% higher on Friday capping off a week of volitile trading sessions for the stock

What To Know:

SCWorx shares are trading higher on continued volatility and heavy trading volume with over 50 million shares traded on Friday morning, exceeding its 100-day average trading volume of 3.23 million shares.

SCWorx stock is facing some uncertainty while awaiting a requested appeal hearing with the Nasdaq Hearings Panel when SCWorx will present a plan to regain regulatory compliance including all steps necessary to effect a reverse stock split. On June 9, SCWorx filed a Form 8-K with the SEC which stated the company intends to file a formal appeal, and hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request.

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WORX Price Action: According to Benzinga Pro, SCWorx shares are trading over 48% higher at 53 cents at the time of publication.

Image: Mohamed_hassan from Pixabay