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Why Compass Pathways Stock Rocketed 40% Today

TheMotleyFool

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Why Compass Pathways Stock Rocketed 40% TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

A White House Executive Order over the weekend has some healthcare company stocks soaring today. One big winner is Compass Pathways (NASDAQ: CMPS). Shares of the biotechnology company rocketed more than 50% this morning and were still higher by 41.2% at noon ET.

Compass is a leader in the development of a new approach to mental health treatment, concentrating on achieving results through the creation of a synthetic psilocybin therapy. Psilocybin is a naturally occurring psychedelic compound found in certain types of mushrooms, commonly referred to as "magic mushrooms."

Image source: Getty Images.

Source Fool.com

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