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Capnia (CAPN) Stock Surges on New Investment

NEW YORK (TheStreet) -- Capnia (CAPN) stock is soaring by 19.83% to $2.13 on heavy trading volume on Thursday morning, after Board Chairman Ernest Mario purchased 50,000 shares of the company.

Based in Redwood City, CA, Capnia develops medical diagnostics and therapeutics based on its gas flow metering technology.

Mario, the current chairman...