Sotera Health Stock Is Soaring: What's Going On?

Sotera Health Company SHC shares are trading higher Monday after a Cook County jury ruled in favor of the company in a cancer case involving a woman's proximity to one of the company's plants.

What To Know: According to a local report, a Cook County jury has ruled that Sotera unit Sterigenics should bear no liability for cancer in a woman who spent decades living near the company's former plant.

The verdict was delivered late Friday and is just the second decision in a string of hundreds of cases still pending against the company over ethylene oxide emissions. 

Related Link: What Does Sotera Health's Debt Look Like?

Earlier this year, a different jury ordered Sterigenics to pay $363 million to a different woman, making similar claims. This week's ruling is a complete contrast to the previous ruling and comes as a positive surprise for Sotera shareholders. 

"The jury’s verdict in this matter reflects the careful consideration and understanding of the science and other evidence presented at trial," said a Sterigenics spokesperson following the verdict.

KeyBanc analysts called it a "major win" for Sotera Health. 

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SHC Price Action: Sotera has a 52-week high of $24.90 and a 52-week low of $5.78.

The stock was up 33.4% at $8.03 at time of publication, according to Benzinga Pro.

Photo: Daniel Bone from Pixabay.