Here's Why Insulet Stock Is Jumping Higher on Friday

·1 min read
Here's Why Insulet Stock Is Jumping Higher on Friday

Shares of Insulet (NASDAQ: PODD), a medical device company, are jumping in response to regulatory approval of a new product. Investors excited about the company's new automated insulin delivery system pushed the stock 15% higher as of 11:57 a.m. ET on Friday. Today the company announced the FDA has finally approved OmniPod 5 after several long delays.

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