SRX Global is trading at $1.75 (+10.38%) after unexpectedly weak July employment data reduced expectations of an imminent Federal Reserve rate hike.
- U.S. payrolls fell 23,000, versus forecasts for an increase, according to Reuters and the Bureau of Labor Statistics.
- The stock extended its August 7 advance; no new company-specific announcement was identified for August 10.
- The move appears primarily macro-driven, with traders also positioning ahead of Wednesdayβs CPI report.