Business

Second Sight Medical stock soars nearly 1000% in 3 days


EYES, +24.63% shot up 30.7% to $15.38 on volume of 56.6 million shares in morning trading Tuesday, bringing its three-day gain to 975.5%, in the wake of the company's announcement that the Food and Drug Administration approved its Argus 2s Retinal Prosthesis System for the treatment of retinitis pigmentosa.


The stock skyrocketed a record 304.9% on record volume of 739.7 million shares on March 5 after the announcement, then 103.3% on volume of 320.4 million shares on Monday, before Tuesday's gain.


The stock had closed at a near 3-month low of $1.43 prior to the rally.


On Tuesday, the stock had been up as much as 69.9% at an intraday high of $20.00, the highest price seen since February 2018, before paring gains.


Separately, Paris-based Pixium Vision S.A. ALPIX, -11.87%issued a release saying the business combination with Second Sight announced on Jan. 6 continues.


Second Sight's stock has advanced 339.4% over the past 12 months, while the S&P 500 SPX, +2.10% has gained 41.6%.






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