Chardan Healthcare Acquisition Corp (NASDAQ:CHAC) shares traded up 1.8% on Tuesday . The company traded as high as $8.74 and last traded at $7.90, 5,326 shares were traded during trading. A decline of 79% from the average session volume of 25,363 shares. The stock had previously closed at $7.76.
Separately, Chardan Capital started coverage on shares of Chardan Healthcare Acquisition in a research report on Friday, September 27th. They set a “buy” rating and a $28.00 price target on the stock.
The firm’s 50-day moving average price is $10.10.
Chardan Healthcare Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in the healthcare industry in North America. The company was founded in 2017 and is based in New York, New York.
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