India, June 4 -- Shares of Sharps Technology, Inc. (STSS) surged 50% on Wednesday morning after the medical device and pharmaceutical packaging company announced the initiation of shipments for previously announced purchase orders across three customer orders.
STSS is currently trading at $5.60, up $1.86 or 49.96%, on a huge volume of 22.2 million shares, above average volume of 0.7 million, on the Nasdaq. The stock opened its trading at $5.84 after closing Tuesday at $3.74. The stock has traded between $3.30 and $2,904.00 in the past 52-week period.
These shipments mark the company's first deliveries of its SecureGard and SoloGard product lines and its transition to generating commercial revenue.
Sharps has initiated shipment of its fir...