Zhongchao Inc. ($ZCMD) Surged 115% After $5M Direct Offering — Scored 95/100 at 9:00 AM ET
ZCMD stock surged 115% after announcing a $5M registered direct offering. RTPR scored the release 95/100 at 9:00 AM ET.
Zhongchao Inc. (NASDAQ: ZCMD) stock is up today after the company announced a $5.0 million registered direct offering, surging as much as 115% from its price when the release crossed the wire. RTPR assigned the release an impact score of 95/100 at 9:00 AM ET, when the stock traded at $2.59.
What the release announced
According to the press release (free account required), Zhongchao Inc. announced a $5.0 million registered direct offering.
What the stock did
Following the announcement, ZCMD traded from $2.59 to a session high of $5.57, a gain of approximately 115%.
The 95/100 score placed this release in RTPR's 80-100 band, where 50% of scored releases over the past 90 days produced moves of 15% or greater. Most releases in this band did not produce a move of this magnitude.
Historical context
This release received an impact score of 95/100.
- Releases scoring 80-100 produced a 15%+ move 50% of the time.
- Sample size: 196 settled outcomes over the past 90 days.
- Historical observations only, not predictions. Full band-by-band table on the impact scoreboard.
Timeline
- 9:00:05 AM ET — press release crossed the wire
- +85 ms — RTPR delivered the release
- 9:00:52 AM ET — impact score written: 95/100
- $2.59 — price at publication
- $5.57 — intraday high (115% above the price at publication)
Real-time impact scores on every press release are part of RTPR Pro. Impact scores are in beta; historical tendencies, not predictions or investment advice.