RTTNews | Jul 9, 2021 11:19AM EDT

11:18 Friday, July 9, 2021 (RTTNews.com) - Shares of recently-listed California-based tech company Doximity Inc (DOCS) gained 8% on Friday morning. The company has not announced anything stock-related news to drive the shares up.

After opening at $48.62 in the morning, the shares are currently trading at $51.97, up $3.65or 7.55% since their previous close at $48.32. The shares have ranged between $41.17 and $65.42 in the 52-week period.

The company provides a cloud-based communication platform for the healthcare personnel and makes it smoother for the caregivers to coordinate and collaborate in the United States. The company went public on June 24 after pricing its IPO at $26 per share. However, the shares suffered a steep drop in the first week of July, dropping 12% in the market.

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