T2 Biosystems shares are trading higher on volatility after the company recently announced it received an extension to comply with the Nasdaq listing requirements.
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems has received an extension to comply with the Nasdaq listing requirements, causing its shares to trade higher due to increased volatility.
August 04, 2023 | 1:58 pm
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T2 Biosystems' shares are trading higher after the company received an extension to comply with Nasdaq listing requirements.
The extension to comply with Nasdaq listing requirements has provided T2 Biosystems with more time to meet the standards, reducing the immediate risk of delisting. This has likely boosted investor confidence, leading to an increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100