AERC - AeroClean stock slides 12% after rallying 50% in prior session on FDA okay

AeroClean (AERC) stock slid 12% early Tuesday after rallying 50% the previous session on an FDA approval for its air purification technology. Shares of AeroClean opened at $4.30, hitting a low of $3.85 mid-morning before moving slightly higher. The stock recently changed hands at $4.18, down 12%, at approximately 10:55 a.m. ET. The stock closed 50% higher on Tuesday after it announced that it had received FDA clearance for its proprietary Purgo air purification technology. AeroClean went public on Nov. 24 , raising $25M through an initial public offering. The shares closed 700% higher following their market debut, but have traded largely lower since plunging on Nov. 30.

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AeroClean stock slides 12% after rallying 50% in prior session on FDA okay