- The stock price of Allied Healthcare Products Inc (NASDAQ: AHPI) increased by over 35% pre-market today. This is why it happened.
The stock price of Allied Healthcare Products Inc (NASDAQ: AHPI) increased by over 35% pre-market today. There are no company-specific reports from the company so it appears there are external factors at play.
In this case, the stock price increase seems to be driven by concerns about the Omicron variant of COVID-19. Moderna had told the Financial Times that COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been against the Delta strain.
Allied Healthcare Products is known for being a leading manufacturer of medical gas construction equipment, respiratory therapy equipment, home healthcare products, and emergency medical supplies. And the company’s products appear worldwide in a range of medical applications, including hospital care, sub-acute treatment, long-term care, home healthcare, and medical emergencies. Whenever the market appears to be responding to concerns about COVID-19 variants, the stock price of Allied Healthcare Products goes up like it did on Friday.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.