The sharp rise in stock price led to the New York Stock Exchange stopping trading of Babylon common stock. Babylon has not had any discussions with a potential acquirer, according to the Aug. 15 Babylon news release.
By the end of the day Aug. 15, the stock had fallen 5 percent as the company attempted to shut down the speculation, according to The Motley Fool.
The acquisition rumors come after Babylon reported strong second-quarter earnings.
