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 story : Cue Health stock opens nearly 5% above IPO price, then keeps rising #FinanceUSA #StockMarketNEWS Cue Health Inc. received a warm reception on Wall Street Friday, as the stock opened 4.8% above its

@stockMarketNEWS 28 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Cue Health stock opens nearly 5% above IPO price, then keeps rising #FinanceUSA #StockMarketNEWS
Cue Health Inc. received a warm reception on Wall Street Friday, as the stock opened 4.8% above its initial public offering price, and kept rising. The California-based COVID-19 test maker's IPO priced overnight at a share, in the middle of the expected range, as the company raised 0.0 million. The stock's first trade was at .76 at 11:37 a.m. Eastern for 1.4 million shares. The stock rallied since then, and was recently up 27.8% at .45 in afternoon trading, which values the company at about .94 billion. The stock's strong debut comes on a day that the Renaissance IPO ETF dropped 1.1% and the S&P 500 was little changed.


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