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Why Nano-X Imaging Jumped 122% in November

TheMotleyFool

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Why Nano-X Imaging Jumped 122% in NovemberPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

Shares of Nano-X Imaging (NASDAQ: NNOX) were skyrocketing last month though there was little news on the medical imaging company. Instead, anticipation of its presentation at the Radiology Society of North America on Dec. 3 seemed to drive the stock higher. It surged at the end of the month, finishing up 122%, according to data from S&P Global Market Intelligence.

Hopes for a well-received debut at the conference seemed to fuel that spike.