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Why Shares of Nutex Health Jumped 17.99% on Tuesday

Why Shares of Nutex Health Jumped 17.99% on Tuesday

Shares of Nutex Health (NASDAQ: NUTX) rose 17.99% on Tuesday. Nutex just went public in April via a reverse merger. Tuesday's rise wasn't preceded by any company announcements, but with a market cap of $1.449 billion and a relatively low share price (it closed Tuesday at $2.23 a share, putting it up more than 210% over the past month), it doesn't take much of a bump for the stock to become volatile.