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Hims & Hers rises after JPMorgan ups position

Hims & Hers rose on Friday after JPMorgan disclosed that it substantially increased its position in the telehealth company.

As of September 30, JPMorgan owned 17,796,759 shares — or about 8.1% of the company — up from the 2,740,375 it owned on June 30. Hims, a heavily shorted, volatile stock, reports earnings on Monday.

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