Inogen, Inc (NASDAQ:INGN) shares are trading higher on Wednesday. Earlier in the day, Citron Research posted a tweet about the company on its X account.
What To Know: At 10:33 am EST on Wednesday, Citron Research made a post about Inogen on X, saying: "$INGN Game Changing News- That Until Now Has Gone Unnoticed By Wall Street. Phillips the #2 players in POC Machines has unexpectantly exited the market."
Prior to the tweet, shares of Inogen had risen by over 10%, with the stock rising almost another 7% after it was posted.
The stock has trended gradually higher since November with shares rallying again at the end of January after a pullback during the middle of the month.
Despite the recent gains, Inogen stock is down approximately 70% over the past year.
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INGN Price Action: Shares of Inogen were up 13.5% at $7.19 at the time of publication, according to Benzinga Pro.
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