RTTNews | Aug 27, 2021 10:33AM EDT

10:32 Friday, August 27, 2021 (RTTNews.com) - Shares of NeuroMetrix Inc. (NURO) are surging nearly 40% on Friday morning driven by meme-stock investors.

NURO is currently trading at $13.88, up $3.91 or 39.22%, on the Nasdaq, on a volume of 29.9 million shares, far above the average volume of 8.1 million shares.

NeuroMetrix's rally took off in July after the company's Quell device received breakthrough designation from the U.S. FDA for treating the symptoms of fibromyalgia in adults.

Fibromyalgia is a common form of chronic pain that is also accompanied by fatigue, sleep, cognitive and mood disturbances. Quell is a non-invasive, wearable neurostimulator. The custom-designed microchip helps provide flexible, precise, high-power nerve stimulation.

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