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Why Shares of Nano-X Are Soaring Wednesday

Jim Halley, The Motley Fool
·2-min read
Why Shares of Nano-X Are Soaring Wednesday

Shares of Nano-X Imaging (NASDAQ: NNOX) were up 10% Wednesday morning, a day after the stock fell below $17 for the first time since May 18. The healthcare company specializes in medical imaging equipment and systems and its shares are up more than 88% so far this year. Nano-X had been surging ever since the company announced on May 1 that it had received clearance from the Food and Drug Administration (FDA) to market Nanox.ARC, including the Nanox.CLOUD, its accompanying cloud-based infrastructure, as a stationary ‎X-ray ‎system on adults.

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