CareMax Shares Are Up By More Than 200%: What You Need To Know
Shares of CareMax, Inc. (NASDAQ:CMAX) are trading significantly higher on Monday. Here’s what you need to know.
CareMax is experiencing a surge in trading volume, with session volume reaching 72.9 million shares, far exceeding its 100-day average volume of 328K shares.
How to Buy CareMax Shares?
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of CareMax, Inc. (NASDAQ:CMAX), which is trading at $6.09 as of publishing time, $100 would buy you 16.42 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
CMAX Price Action: CareMax shares are up by 282.3% at $6.03 at the time of writing, according to Benzinga Pro.
See Also:
Image: Shutterstock.