What's Going On With Tivic Health Systems Inc Stock?

Tivic Health Systems, Inc. TIVC shares are trading higher Monday despite a lack of company-specific news. Here's a look at what's going on:

What To Know:

Tivic Health Systems is set to report its third-quarter financial results after the market close on Tuesday and will host a conference call at 4:30 p.m. ET to discuss the results. According to estimates from Benzinga Pro, the company is expected to report a loss of $7.00 per share and quarterly revenue of $780 thousand.

Shares of TIVC are moving on heavy trading volume Monday. According to data from Benzinga Pro, more than 39 million shares have already been traded in the session, far surpassing the stock's 100-day average of slightly more than 769 thousand shares.

Tivic Health Systems is a health technology company focused on developing and commercializing non-invasive bioelectronic medicine. The company's ClearUP Sinus Relief is the first commercial product of the company which is a patented handled device that uses ultra-low current electrical waves to relieve sinus pain and congestion symptoms associated with nasal allergies, sinus infections, chronic sinusitis, cold and flu and other disease conditions.

Related News: What's Going On With Palantir Technologies Stock?

TIVC Price Action: According to Benzinga Pro, Tivic Health Systems shares are up 64% at $1.95 at the time of publication.

Image: kirill_makes_pics from Pixabay