What's Going On With T2 Biosystems Stock?
Portfolio Pulse from Erica Kollmann
T2 Biosystems, Inc. (TTOO) shares have surged over 260% in the last five days and over 460% in the last month. The company has been granted an extension by the Nasdaq Hearings Panel to regain compliance with Nasdaq's minimum bid price and market value of listed securities requirements by November 20, 2023. The company is set to report its Q2 financial results on Monday.
August 04, 2023 | 1:53 pm
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T2 Biosystems shares have seen a significant surge, with an extension granted by Nasdaq to regain compliance. The company's Q2 results are due on Monday.
The surge in T2 Biosystems shares is likely due to the extension granted by Nasdaq, which gives the company more time to regain compliance. This is a positive development for the company and could lead to further increases in the stock price. The upcoming Q2 results could also impact the stock price, depending on whether they meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100