Why Mind Medicine Stock Soared on a Down Day for the Market

Why Mind Medicine Stock Soared on a Down Day for the Market

What happened In sharp contrast to a diving S&P 500 index, Mind Medicine (NASDAQ: MNMD) stock rose on Thursday. Shares of the psychedelic-medicine developer reversed course from Wednesday, increasing by more than 6%, as a major investor strongly pushed back against a large planned secondary-stock issue.