Why Zomedica Stock Plunged Today

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Shares of Zomedica (NYSEMKT: ZOM) were surrendering a sizable portion of their recent gains on Wednesday. As of 3:13 p.m. EST, the veterinary healthcare company’s stock price was down by more than 22%.

News broke on Tuesday that Carole Baskin, star of the hit Netflix reality show Tiger King, was paid to promote Zomedica in a video posted on YouTube. In the days since that video was posted last week, Zomedica’s stock price more than tripled. 

Zomedica’s shares shed more than a quarter of their value on Wednesday. Image source: Getty Images.

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