AHPI Stock Increases Over 72% Intraday: Why It Happened

By Amit Chowdhry ● Jul 30, 2021
  • The stock price of Allied Healthcare Products Inc (NASDAQ: AHPI) increased by over 72% during intraday trading. This is why it happened.

The stock price of Allied Healthcare Products Inc (NASDAQ: AHPI) – a company that manufactures and markets respiratory products for use in the health care industry in a range of hospitals and alternate site settings worldwide – increased by over 72% during intraday trading. Investors appear to be responding to a report from the US Centers for Disease Control and Prevention (CDC) that the Delta coronavirus variant surging across the U.S. is spreading as easily as chickenpox. 

“I think people need to understand that we’re not crying wolf here. This is serious,” said CDC Director Dr. Rochelle Walensky via CNN. “It’s one of the most transmissible viruses we know about. Measles, chickenpox, this — they’re all up there.”

A slide presentation from the CDC with unpublished data shows fully vaccinated people might spread the Delta variant at the same rate as those who are unvaccinated. And Walensky confirmed the information.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.