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.

Must Read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

PRAN Chart

PRAN data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Tiffany & Co. Sees a Strong Market in Asia

Tiffany & Co. Sees a Strong Market in Asia

Stocks Finish Higher After Release of Fed Minutes

Stocks Finish Higher After Release of Fed Minutes