NNOX - Why Shares of Nano-X Jumped More Than 16% on Wednesday
Nano-X (NASDAQ: NNOX) rose more than 16% on Wednesday. The stock opened at $23.66, then climbed to as high as $28.60 in mid-afternoon trading. The stock is still a lot closer to its 52-week low of $19.05 than its 52-week high of $94.81. Nano-X, which went public with an initial public offering in August of 2020, is down more than 38% for the year, but up more than 24% over the past month.
This was purely a retail-investor push. The stock, which has the potential to be a disruptive force with its low-cost commercial grade digital x-ray system, didn't have any news to announce and its next earnings report isn't until Nov. 17.
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Why Shares of Nano-X Jumped More Than 16% on Wednesday