Multiplan (MPLN) Stock: Why The Price Surged

By Amit Chowdhry ● Nov 23, 2021
  • The stock price of MultiPlan Corp (NYSE: MPLN) increased by 32.67% in the most recent trading session. This is why it happened.

The stock price of MultiPlan Corp (NYSE: MPLN) – a leading value-added provider of data analytics and technology-enabled end-to-end cost management, payment and revenue integrity solutions to the U.S. healthcare industry – increased by 32.67% in the most recent trading session. Investors appear to be responding positively to MultiPlan announcing that the company will be participating in a fireside chat at the BofA Leverage Finance Conference – which will take place virtually at 12:45 pm Eastern Time on December 1, 2021. There are rumors that the company could be making a major company announcement at that time.

MultiPlan’s new Chief Financial Officer – Jim Head, retiring Chief Financial Officer – David Redmond, and Senior Vice President, Finance and Investor Relations Luke Montgomery, will be participating on behalf of the company.

MarketBeat also pointed out that MultiPlan was also the target of unusual options trading activity yesterday. Stock investors bought 26,047 call options – which represents an increase of 3,410% compared to the average daily volume of 742 call options.

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