Why Alpha Tau Medical Ltd. Stock Soared 42% on Wednesday

Shares of Alpha Tau Medical Ltd. (NASDAQ: DRTS) stock climbed 42% on Wednesday. The Israeli medical-device company is focusing on the commercialization of its Alpha DaRT (Diffusing Alpha-emitters Radiation Therapy) to treat solid tumors.

The stock closed at $10.32 a share on Tuesday, opened slightly higher at $10.60 on Wednesday, then soared to $14.55 by the afternoon. The stock wasn't far off its high of 14.99 while its low was $8.20.

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Source Fool.com