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iTonic shares plunge 95% amid pump-and-dump lawsuit over false Gilead acquisition rumors

Market News
17 Sep 2026
PRNewsWire
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Bearish
iTonic shares plunge 95% amid pump-and-dump lawsuit over false Gilead acquisition rumors

iTonic Holdings Ltd faces a class action lawsuit alleging a pump-and-dump scheme driven by fake rumors of a Gilead Sciences acquisition. The stock soared from $4 to nearly $31 before crashing 95% in one day after the company denied any acquisition talks. Investors claim they were not warned about the manipulation risks, and the lawsuit seeks compensation for losses during the spike and collapse. The lead plaintiff deadline is September 29, 2026.

iTonic Holdings Ltd faces a securities class action deadline on September 29, 2026. For readers following Financials-sector US stocks on Pluang, here is the market snapshot as of Sep 17, 2026 20:41 WIB: out of 74 priced stocks, 56 rose and 17 fell. Notable movers include AGNC Investment Corp at USD 10.02 with a 1-day change of +1.42% and a typical hold time on Pluang of 102 days, Blackrock Inc at USD 1,050.83 with a +1.31% change and a 137-day hold time, and ARMOUR Residential REIT, Inc. at USD 15.00 with a +1.28% change and a 136-day hold time.

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