Regis Corporation Stock Climbs 200%: Analyzing the Catalyst
Regis Corporation NYSE: RGS experienced a remarkable surge yesterday, with the stock skyrocketing by 200% at the time of writing. This impressive rise, accompanied by an abnormal increase in trading volume, prompts a closer examination of the catalyst behind this movement and the company's fundamentals.
Why is the Regis Corporation (RGS) stock price up 300%?
Regis Corporation (NASDAQ: RGS) has seen a massive spike in its share price growth in the past 24 hours, rising $15.45 – over 300%. On June 25, Regis' stock price soared 304.73% to close at $20.52 during the US trading session, before correcting down slightly by $0.70 to trade at $19.
Why Is Regis (RGS) Stock Up 215% Today?
Regis (NASDAQ: RGS ) stock is up on Tuesday after the hair care salon company announced a new credit facility. Regis has secured a $105 million term loan that will replace its current debt.
What made Regis stock more than double on Tuesday?
Regis Corp (NASDAQ: RGS) has entered into a “new senior secured credit facility” with the global asset manager TCW Asset Management Company LLC and Midcap Financial Trust. Its shares are up well over 100% on Tuesday.
