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Why Nano-X Imaging Stock Gained 17% Last Month

TheMotleyFool

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Why Nano-X Imaging Stock Gained 17% Last Month

Shares of Nano-X Imaging (NASDAQ: NNOX) were gaining last month after the controversial radiology disruptor said early in the month that it would demonstrate its technology at a conference at the end of November. Investors seemed to take that news as a sign that the company's unproven technology is legitimate.

The stock finished the month up 17% as a result, according to data from S&P Global Market Intelligence. The chart below shows that the stock soared on that news early in the month and then slipped as enthusiasm over the stock faded.