Medical Properties Trust: MPW continues gaining afterhours after Steward sells doctor network to UnitedHealth

MPW stock rose as much as 20% on Wednesday. Non-paying tenant Steward Health Care agreed to sell its physician network to UnitedHealth. Proceeds are expected to be used to pay back Medical Properties Trust. Steward owes $50 million from 2023 and up to $55 million in deferred rent from 2024. Medical Properties Trust stock settled 18.6% higher, reachinga new range high on Wednesday, after a long-time, non-paying customer decided to sell their physiciannetwork to UnitedHealth Group .

1 million publicly traded shares outstanding with a market value of at least $40 million. The NASDAQ requires a share price minimum of $4, a minimum of 1.25 million shares and a market cap of $45 million. Most penny stocks, however, trade on the OTC market. This may mean the OTC Bulletin Board or the privately-owned OTC Markets Group. Why are penny stocks so volatile? Quite often the sharpest movers on any normal trading day are found among penny stocks.

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