T2 Biosystems shares are trading lower as the stock pulls back following Monday strength after the FDA cleared the company's biothreat panel for commercial distribution.
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems shares are trading lower following a surge on Monday after the FDA cleared the company's biothreat panel for commercial distribution.
September 19, 2023 | 5:26 pm
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NEGATIVE IMPACT
T2 Biosystems' stock is trading lower after a surge due to FDA clearance of its biothreat panel.
The FDA clearance of T2 Biosystems' biothreat panel led to a surge in the company's stock. However, the stock is now trading lower as it pulls back from the surge. This indicates a short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100