Key Performance
More- Earnings Score: N/A
- Momentum Score: 4
- True Yield: N/A
- Financial Health Score: N/A
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Why Wellgistics Health (WGRX) Stock Fell Over 24% After Hours?
Wellgistics Health (NASDAQ:WGRX) shares plummeted 24.3% in after-hours trading following the announcement of a 1-for-50 reverse stock split effective May 26. The reverse split aims to help the company regain compliance with Nasdaq's minimum bid price requirement, reducing outstanding shares from 125.7 million to 2.5 million. The stock has declined over 94% in the past 12 months and closed regular trading down 23.2% at $0.13.
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Peers
Statistics
MoreInformation as of 06/03/2026
Company Profile
Wellgistics Health, Inc. engages in the wholesale and distribution of pharmaceutical products to pharmaceutical manufacturers and independent retail pharmacies in the United States. The company distributes branded and generic pharmaceuticals, as well as over-the-counter healthcare and consumer products. It also offers third-party logistics services that include warehousing, inventory management, pick and pack, and shipping to small and mid-size pharmaceutical manufacturers. It also operates DelivMeds platform that serves as a pharmaceutical hub to facilitate the transfer of prescriptions and provide backend clinical concierge services to a network of independent pharmacies; and operates a retail community specialty. The company was formerly known as Danam Health, Inc. and changed its name to Wellgistics Health, Inc. in October 2024. Wellgistics Health, Inc. was incorporated in 2022 and is based in Tampa, Florida.