Why Is Cue Health (HLTH) Stock Up 99% Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
0mins
Source: Business Insider
- Cue Health (HLTH) Stock News: Cue Health announced plans to wind down its business and filed for Chapter 7 bankruptcy relief, resulting in a significant drop in share value.
- Stock Recovery: Despite the bankruptcy filing, HLTH stock surged by 98.9% on Thursday morning with heavy trading volume.
- Reasons Behind Stock Rally: Extreme volatility is expected due to the bankruptcy filing, and traders may be buying shares to inflate prices before selling for profits.
- Caution for Investors: Traders are advised to be cautious when considering investing in HLTH stock due to the uncertain future following the bankruptcy filing.
- Additional Stock Market News: The article also covers other stock market news, including pre-market movers and trade alerts related to companies like A-Mark Precious Metals and Tesla.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
