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8/5, 7:17 PM (Source: TeleTrader)
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Nautilus trading halted after Amazon investment report

Trading in shares of Nautilus Biotechnology Inc. was briefly suspended on Thursday due to volatility after CNBC reported that Amazon.com Inc. acquired a $14.7 million stake in the company. The biotechnology firm's stock jumped over 50% at one point before the halt.

Nautilus made its debut on the Nasdaq Global Select Market on June 10, 2021, through a special purpose acquisition company (SPAC) deal with Arya Sciences Acquisition Corp III. Nautilus describes itself as "a company pioneering a single-molecule protein analysis platform for quantifying the proteome."

The company's stock was up 17.49% at 1:14 am ET, selling for $8.79.

Breaking the News / MS