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ScripsAmerica, Inc. (OTCMKTS:SCRC) a leading provider firm of a wide range of specialty prescription and OTC medical supplies and pharmaceuticals issued an update on recent trading activity in its stock. The company knows of no motive concerning to its operations that would result in the recent unusual price activity and volume in its stock.

The update

It has not given any updates related to the extensive discussion of the Company’s business as reflected in the investor presentation and available on the ScripsAmerica’s website. The same thing is applicable to all other public disclosure that is available on the website or in SEC filings. In addition, the Company fully plans to reiterate all of the disclosures and comments at the upcoming second Annual Growth Capital Expo on April 13, 2015.

The profile

ScripsAmerica is a supplier company of prescription, nutraceutical and OTC drugs, delivering pharmaceutical offerings to a wide group of end customers across the health care industry. The end customers include home care agencies, government, retail pharmacies, hospitals and long-term care facilities.

The momentum

On January 29, ScripsAmerica made a 52-week high of around $0.22 per share. Lately, it made a 52-week low of $0.066 a share. In simple words, some people noticed their investments reduce by close to 70% in a matter of two months. As a matter of fact, Penny stocks are naturally volatile but these sorts of declines are not that uncommon.

The unusual activity

The unusual price activity that comes with a massive volume sets an alert tone in the market. It is what happened with ScripsAmerica stock price. There is no obvious reason for the sharp crash. Most of the investors are positively baffled from the recent price movements as the crash was not a result of any filings, news, press release or a promotion. The lack of an apparent reason is resulting in a bit of speculation. In last trading session, the stock price of SCRC surged 16.74% to close at $0.0781.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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