Why Is Ontrak (OTRK) Stock Up 188% Today?
$Ontrak, Inc.(OTRK)$ stock is on the rise Tuesday as investors prepare for the artificial intelligence (AI) healthcare company’s presentation at the 36th Annual Roth Conference.
The management team at Ontrak is planning to hold a live fireside chat later today. That will take place at 4:00 p.m. Eastern Time and will be available afterward on the company’s website. Traders will have to register to take part in the event.
Investors are no doubt hoping for positive news from the AI healthcare company. Insight from its leadership team could provide a positive catalyst for OTRK stock.
It’s also worth mentioning that AI stocks are undergoing a boom right now alongside $NVIDIA Corp(NVDA)$ . This comes as the graphics card maker holds its own GPU Technology Conference (GTC) this week. That started yesterday and will last through Thursday.
Shares of OTRK stock are rising higher today alongside heavy trading. That has more than 10 million shares of the stock changing hands as of this writing. That’s already well above its daily average trading volume of about 558,000 shares.
OTRK stock is up 188.9% as of Tuesday morning. The stock was down 51.3% year-to-date when markets closed on Monday.
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