Rani Therapeutics leaps 100% in volatile trade

Rani Therapeutics Holdings

11/08/2021 18:37

** Rani Therapeutics Holdings  RANI.O  shares jump as much
as 113% to $29.40 on Weds
    ** Shares recently up 52.6% at 21.05 after being halted
twice for volatility
    ** Rani's IPO of ~6.7 mln shares priced at $11 on Jul 30
(See filing https://www.sec.gov/Archives/edgar/data/1856725/000119312521233246/d151628d424b4.htm#rom151628_16)
    ** Co developing its RaniPill, an oral capsule intended to
replace injectable biologic drugs
    ** Over 6 mln shares have traded on Weds, roughly triple the
total number of shares that exchanged hands over first 8
sessions since their public debut, per Refinitiv data

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))