01:10 PM EDT, 04/04/2024 (MT Newswires) -- Allurion Technologies ( ALUR ) more than doubled on Thursday morning after the health care company said it has started commercial US sales of its weight-loss management and patient-monitoring system.

Virtual Care Suite is already in use in more than 50 countries, the company said, providing telehealth and collaboration tools connecting patients and health care professionals. Last year, Allurion ( ALUR ) said it added an automated AI-powered weight-loss coach to the system, enabling "automated, conversational coaching."

Allurion ( ALUR ) shares were recently more than 107% higher at $3.58 apiece on volume of more than 48 million shares, compared with average volume of 31,650 shares per day.

Allurion ( ALUR ) shares also were likely getting a boost from Chardan, which started coverage of the stock Thursday with a buy rating and a $5 price target.

Price: 3.56, Change: +1.83, Percent Change: +105.78