What's Going On With T2 Biosystems Stock Today?
Portfolio Pulse from Erica Kollmann
T2 Biosystems, Inc. (NASDAQ:TTOO) shares are trading lower, with a drop of over 50% in the last five days. This follows a large insider sale of TTOO shares by CR Group, L.P., who sold more than 10 million shares at $0.366 per share. Despite the FDA clearing the company's biothreat panel for commercial distribution, the stock has attracted attention from retail investors and short-sellers.
September 25, 2023 | 4:47 pm
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T2 Biosystems shares have dropped significantly following a large insider sale. The stock has attracted attention from both retail investors and short-sellers.
The large insider sale by CR Group has led to a significant drop in T2 Biosystems' share price. This, coupled with the fact that the stock is attracting attention from retail investors and short-sellers, indicates a negative short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100