Eargo (EAR) Stock: Why It Increased 77.19% Today

By Amit Chowdhry ● Aug 16, 2022
  • The stock price of Eargo (EAR) increased by 77.19% today. This is why.

The stock price of Eargo (EAR) increased by 77.19% today. Investors are responding to the FDA issuing a final rule for instituting a new category of over-the-counter hearing aids.

Essentially, consumers would be able to buy certain hearing aids directly from retailers without a medical exam, prescription, or an audiologist fitting adjustment. This new OTC regulatory category will only include hearing aids intended for those who are 18+ with perceived mild to moderate hearing impairment.