California health data company's 138% stock jump a mystery to traders

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A healthcare company's 138 percent stock jump March 1 had traders perplexed, according to Bloomberg.

The jump was in Culver City, Calif.-based NantHealth, a small health data company run by billionaire Patrick Soon-Shiong.

Three things to know:

1. The stock reportedly caused three volatility halts as the record surge occurred.

2. Traders and sellers told Bloomberg no apparent company news came out around the time of the move, and a NantHealth spokesperson didn't immediately respond to the publication's email request seeking comment.

3. The company is expected to release its latest financial results this month.

 

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