Adeptus Health, Inc. (OTC Pink: ADPTQ) is engaged as a health company. Shares of the health sector company are collapsing 74.82% on Friday, April 21, 2017. Over the past month, Adeptus Health, Inc. has seen average daily volume of 3.57 million shares. However, volume of 3.76 million shares or dollar volume of $1.2 million shares, has already exchanged hands on Friday.
Shares of Adeptus Health, Inc. are collapsing today, after the company announced that it has filed for Chapter 11 bankruptcy protection, delisted from the S&P SmallCap 600 Index, and delisted from the NYSE. Here is the press release detailing of the tough developments for Adeptus Health, Inc.:
Adeptus Health, Inc. Press Release:
NEW YORK, April 20, 2017 /PRNewswire/ — Applied Optoelectronics Inc. (NASD: AAOI) will replace Adeptus Health Inc. (NYSE: ADPT) in the S&P SmallCap 600, effective prior to the open on Tuesday, April 25. Adeptus Health has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code to pursue a plan of reorganization and has been halted by the NYSE effective before the market open today.
Applied Optoelectronics designs, manufactures, and sells fiber-optic networking products primarily for internet data center, cable television and fiber-to-the-home networking end markets. Headquartered in Sugar Land, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Communications Equipment Sub-Industry index.
Following is a summary of the changes:
|S&P SMALLCAP 600 INDEX – APRIL 25, 2017|
|COMPANY||GICS ECONOMIC SECTOR||GICS SUB-INDUSTRY|
|ADDED||Applied Optoelectronics||Information Technology||Communications Equipment|
|DELETED||Adeptus Health||Health Care||Health Care Services|
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