Helius Medical (NASDAQ:HSDT) stock is soaring higher on Tuesday after Roth Capital analyst Jonathan Aschoff initiated coverage of the shares. That new coverage from the Roth analyst comes with a “buy” rating for HSDT stock. That’s positive news considering Helius Medical doesn’t have much coverage from other analysts.
Indonesia Energy (NYSEMKT:INDO) stock is rising higher on Tuesday alongside the increasing price of natural gas. And it’s not a small increase, either. The price of natural has spiked to $10 per MMBtu this morning. That marks the first time natural gas has hit the value since 2008. As a result of this increase, investors are flocking to natural gas companies hoping for potential windfalls. That explains why shares of INDO are rising today alongside incredibly heavy trading. This saw 43 million shares traded as of this writing, as compared to a daily average of 2 million shares.
What might be considered an activist investor is evidently pressuring medical center and pharmacy operator Cano Health (NYSE:CANO) today. Specifically, Owl Creek Asset Management is asking the company to “pursue strategic alternatives.” This basically means Owl Creek wants Cano to find a company to sell itself to. Whether this is good news or not is in the eye of the beholder. But, for today at least, CANO stock is surging higher. There are various definitions of “activist investor.” The basic idea, though, is that activist investors are major shareholders that seek to influence a company’s policies and operations. Owl Creek Asset Management might possibly fit this definition in its recent dealings with Cano Health.
