AERC - AeroClean rebounds nearly 20% intraday after air-filtering startup hits post-IPO low

AeroClean Technologies (NASDAQ:AERC) – the air-filtering startup that rose more than 1,000% following its recent IPO despite reporting zero revenues – continued to trade wildly Thursday, rebounding nearly 20% one day after hitting a post-IPO low. AERC rallied as much as 17.4% Thursday to $14.79 intraday before easing back to trade at $13.62, up 8.1% from Wednesday’s record-low close at $12.60. AeroClean (AERC) has been on a wild ride since going public just some two weeks ago at $10 a share. AERC shot up 1,073.5% over less than three sessions to peak at $117.35 intraday on Nov. 29 before sliding back down. Shares have tumbled 88.2% since then, but remain 38.9% above their IPO price even with the huge pullback. AERC is developing an air purifier to filter out viruses and other pathogens from the air in hospitals and other sensitive places. The firm enjoyed a big initial run-up even

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AeroClean rebounds nearly 20% intraday after air-filtering startup hits post-IPO low