Trading Desks Stumped by This Tiny Health Stock’s Mysterious 138% Jump
This article is for subscribers only.
Traders were puzzled by a mysterious 138 percent surge Friday in NantHealth Inc., a small health-data company run by billionaire Patrick Soon-Shiong.
The stock triggered three volatility halts as it rose the most on record. There was no apparent news behind the move, according to traders and sales desks, and a NantHealth spokesperson didn’t immediately respond to an email request for comment. The next known catalyst for the company is fourth-quarter results expected later this month.