IPOS - AeroClean shares rally 27% Friday day after hitting 52-week low

April, 01 2022 05:23 PM Renaissance Capital Greenwich Fund

Air purifier maker AeroClean (AERC) saw its shares close 27% higher on Friday, the day after its stock hit a 52-week low. Shares of AeroClean opened at $3.60, hitting a session low of $3.46 before shooting up to a high of $4.75 in late afternoon. The stock closed at $4.58, up 27% from the prior session. On Thursday, AeroClean shares hit a 52-week low of $3.35. The stock reached a 52-week high of $117.35 on Nov. 29, just a few days after its initial public offering. AeroClean went public on Nov. 24, with shares rocketing over 900% at one point before closing at $78.94, up 690% from its initial offering price of $10 per share. The company offered 2.5M shares, raising $25M. The stock plunged on Nov. 30 and has dropped 54% since its debut. The maker of medical grade air purification devices released its quarterly earning report early Thursday.

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AeroClean shares rally 27% Friday, day after hitting 52-week low

Company Name:	Renaissance Capital Greenwich Fund
Stock Symbol:	IPOS
Market:	NYSE

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