NNOX - Why Nano-X Imaging Stock Just Popped Another 15%
X-ray-machine maker and recent IPO Nano-X Imaging (NASDAQ: NNOX) is having another very good day Wednesday -- and that's saying something for a stock that has more than doubled off its $18 IPO price. In 1:20 p.m. EDT afternoon trading, Nano-X shares are up a strong 8.5% (down just a bit after soaring more than 15% in trading earlier in the day).
Why is Nano-X doing so well? Yesterday, I said that this company's business plan is to manufacture x-ray machines for $10,000 and then give them away for free. I also said this was probably going to be a very popular proposal with Nano-X's customers.
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