ToughBuilt's stock nearly triples, paces Nasdaq gainers after sales launch in Menards

Shares of ToughBuilt Industries Inc. nearly tripled--soaring 186%--in very active trade Wednesday, enough to pace the gainers on the Nasdaq exchange, after the tools and building accessories company said it launched product sales within Menards Inc.'s home improvement store. Volume spiked to 24.7 million shares at 1 p.m. Eastern, compared with the full-day average of about 328,000 shares. Wisconsin-based Menards has more than 300 stores in the Midwest. The launch of sales comes after it previously reached a distribution agreement. ToughBuilt completed its initial public offering in November.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.