Shares of consumer-directed benefits company WageWorks (WAGE) rose 30.1% Thursday to $38.86 after the company announced that it will file a majority of its delayed quarterly and annual reports before the evening of Tuesday, March 19.
The company said that it expects this development to allow its common stock to continue to be listed for trading on the New York Stock Exchange.
However, the company's most recent annual report on its 2018 10-K form will not be filed until a later date.
Last week, the company's stock was upgraded to outperform from market perform by Wells Fargo analyst Jamie Stockton with a price target of $45 per share. That price target is slightly below the mean of analysts' forecast range between $37 and $87 per share, according to Bloomberg.
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