24/7 Market News Snapshot 06 May, 2025 – FOXO Technologies Inc. (NYSE:FOXO)

May 6, 2025

DENVER, Colo., 06 May, 2025 (www.247marketnews.com) – (NYSE:FOXO) are discussed in this article.
FOXO Technologies Inc. is experiencing a significant surge in its stock, currently trading at $1.611, marking a remarkable 153.26% increase from its last closing price of $0.636. This sharp rise, driven by an impressive trading volume of nearly 13 million shares, underscores strong investor interest and confidence in the company’s strategies and future potential. Such momentum may indicate a transformative period for FOXO as it continues to make strides in the biotechnology industry, attracting attention from both investors and market analysts alike.

Parallel to this financial uplift, FOXO’s behavioral health subsidiary, Myrtle Recovery Centers, Inc., is celebrating notable achievements since its inception in August 2023. With over 400 patients treated and more than 5,000 patient care days clocked, Myrtle has quickly established itself as a vital resource in addressing substance use disorders. CEO Robert Merritt highlighted the facility’s commitment to quality care and its growing reputation, expressing optimism about extending their services to accommodate an expected 10,000 patient care days by the end of 2025.

Seamus Lagan, CEO of FOXO Technologies, praised Myrtle’s rapid operational expansion and the positive impact it has had on surrounding rural communities. He emphasized the strategic significance of Myrtle’s growth as it contributes to FOXO’s broader revenue objectives, indicating plans for further enhancement of its service offerings.

Through its commitment to innovation and community well-being, FOXO Technologies and its subsidiaries are poised to continue reshaping the landscape of healthcare delivery, promoting a healthier future for the communities they serve. Investors and stakeholders are encouraged to monitor these developments closely as FOXO forges ahead in its mission.

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