RTTNews | Feb 16, 2021 10:32AM EST

10:31 Tuesday, February 16, 2021 (RTTNews.com) - Shares of Akers Biosciences, Inc. (AKER) are currently gaining over 25% despite no-stock related news to drive the shares.

U.S. stocks are currently rising on Tuesday morning, as investors expect the developments on the $1.9 trillion fiscal stimulus package would help economic recovery. S&P 500 and Dow indexes continued its rally after closing at records levels last week.

AKER is currently trading at $4.74, up $0.99 or 26.40%, on the Nasdaq.

Akers Biosciences focuses on the development of a vaccine candidate against coronavirus. It has a collaboration agreement with Premas Biotech PVT Ltd. The company was founded in 1989 and is headquartered in Thorofare, New Jersey.

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