What's Going On With T2 Biosystems Stock Friday?
Portfolio Pulse from Erica Kollmann
T2 Biosystems, Inc. (NASDAQ:TTOO) shares are trading higher by more than 20% despite no company-specific news. The stock remains down 12% over the last five days. CR Group L.P. sold another 5 million shares of TTOO on Sept. 22 at an average price of just under 26 cents per share. This is in addition to the 10 million shares sold by CR Group on Sept. 19. TTOO has become a favorite among retail investors and is currently trending on both Stocktwits and Yahoo! Finance.
September 29, 2023 | 2:18 pm
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T2 Biosystems shares are trading higher by more than 20% despite no company-specific news. The stock remains down 12% over the last five days. CR Group L.P. sold another 5 million shares of TTOO.
The stock is trading higher despite no company-specific news, which indicates that the market sentiment is positive. However, the recent sale of shares by CR Group L.P. could potentially put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100