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Why 111 Stock Soared, Then Dropped Thursday

TheMotleyFool

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Why 111 Stock Soared, Then Dropped ThursdayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of 111 (NASDAQ: YI) soared 76% on Thursday before reversing course with a decline of 5.4% as of 12:45 p.m. EST. Even with the reversal, the Chinese online healthcare platform stock has more than doubled in the past week and has year-to-date gains greater than 250%.