Why ViewRay Stock Got Crushed Today

ViewRay (NASDAQ: VRAY) slid out of view for many investors on Friday. The maker of next-generation radiation therapy devices saw its stock dive by over 15% on the day, after a peer sold a big chunk of the company's shares.

Elekta (OTC: EKTAY), a Swedish company active in the same segment, announced Friday that it sold its 7%-plus stake in ViewRay, a divestment that amounted to just over 11.5 million shares. That's a complete sell-out, as Elekta added that it no longer holds any shares.

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Source Fool.com