Why ViewRay Stock Got Crushed Today

Eric Volkman, The Motley Fool
·2-min read
Why ViewRay Stock Got Crushed Today

ViewRay (NASDAQ: VRAY) slid out of view for many investors on Friday. The maker of next-generation radiation therapy devices saw its stock dive by over 15% on the day, after a peer sold a big chunk of the company's shares. Elekta (OTC: EKTAY), a Swedish company active in the same segment, announced Friday that it sold its 7%-plus stake in ViewRay, a divestment that amounted to just over 11.5 million shares.