MEDIFAST INC (MED) Soars 5.85%

MEDIFAST INC (MED) Soars 5.85%

MEDIFAST INC (MED) had a good day on the market for Wednesday December 04 as shares jumped 5.85% to close at $90.58. About 590,828 shares traded hands on 7,736 trades for the day, compared with an average daily volume of n/a shares out of a total float of 11.62 million. After opening the trading day at $86.84, shares of MEDIFAST INC stayed within a range of $92.92 to $86.61.

With today’s gains, MEDIFAST INC now has a market cap of $1.05 billion. Shares of MEDIFAST INC have been trading within a range of $159.41 and $66.50 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Medifast Inc is a US-based company that produces, distributes and sells products concerning weight loss, weight management, and healthy living. The company generates its revenue from point of sale transactions executed over an e-commerce platform for weight loss, weight management, and other consumable health and nutritional products.

MEDIFAST INC is based out of Baltimore, MD and has some 420 employees. Its CEO is Daniel R. Chard.

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