Synergy CHC Corp. (Uplisting)’s (NASDAQ:SNYR) Quiet Period To End on December 2nd

Synergy CHC Corp. (Uplisting)’s (NASDAQ:SNYR) quiet period will expire on Monday, December 2nd. Synergy CHC Corp. (Uplisting) had issued 1,150,000 shares in its initial public offering on October 23rd. The total size of the offering was $10,350,000 based on an initial share price of $9.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Synergy CHC Corp. (Uplisting) Stock Up 3.6 %

Shares of NASDAQ:SNYR opened at $6.10 on Wednesday. Synergy CHC Corp. has a 12 month low of $0.12 and a 12 month high of $10.00. The firm has a 50-day simple moving average of $5.72.

Insider Activity

In other news, CEO Jack Ross purchased 300,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $9.00 per share, with a total value of $2,700,000.00. Following the purchase, the chief executive officer now owns 300,000 shares in the company, valued at approximately $2,700,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

About Synergy CHC Corp. (Uplisting)

Synergy CHC Corp. provides consumer health care, beauty, and lifestyle products in the United States, Canada, and the United Kingdom. It offers brain health nutritional supplements under the FOCUSfactor brand name; lifestyle and wellness products and accessories, including tea, shakes, lollipops, supplements, apparel, and exercise accessories under the Flat Tummy brand name; products for hands under the Hand MD brand name.