Prana Biotechnology (PRAN) Stock Suddenly Surges

NEW YORK (TheStreet) -- Prana Biotechnology  (PRAN) is surging today despite a lack of any significant news regarding the company, which develops drugs to treat neurodegenerative diseases.

The stock was relatively flat until just before 2 p.m., when the stock suddenly spiked. Prana was up 20.38% to $1.89 at 3:22 p.m. More than 5 million shares had been traded, compared to the average volume of 3,071,870. 

Why do you think the stock is surging? Let us know in the comments below.

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