What's Going On With T2 Biosystems (TTOO) Stock?
Portfolio Pulse from Erica Kollmann
T2 Biosystems, Inc. (NASDAQ:TTOO) shares have been volatile, with the stock up over 16% just after market open, but later trading down nearly 10% for the day. Despite the day's drop, the stock remains up 54% over the last five days and up more than 375% over the last month. The company regained compliance with the Nasdaq market value of listed securities (MVLS) requirement on Aug. 7, but must still demonstrate compliance with Nasdaq minimum bid price rule by November 20, 2023.
August 16, 2023 | 4:54 pm
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T2 Biosystems shares have been volatile, but remain up significantly over the past month. The company has regained compliance with Nasdaq's MVLS requirement, but must still meet the minimum bid price rule by November 2023.
The stock's volatility may cause some investor concern, but the overall upward trend over the past month and the company's regained compliance with Nasdaq's MVLS requirement are positive signs. However, the need to meet the minimum bid price rule by November 2023 could introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100