What's Going On With T2 Biosystems Stock?
Portfolio Pulse from Erica Kollmann
T2 Biosystems, Inc. (NASDAQ:TTOO) shares are up significantly, despite being down nearly 37% over the last month. The company will report its preliminary Q3 financial results on Oct. 12. A significant holder of T2 Biosystems stock, CR Group L.P., sold more than 28 million TTOO shares at the end of September. The stock is currently trending on Yahoo! Finance with more than 43 million shares traded in the session, compared to the 100-day average of 115.928 million shares.
October 06, 2023 | 2:41 pm
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NEUTRAL IMPACT
T2 Biosystems shares are up despite a significant sell-off by CR Group L.P. The company is due to report Q3 results soon, which could influence the stock's performance.
The stock is up despite a significant sell-off by a major holder, indicating investor confidence. However, the upcoming Q3 results could swing the stock in either direction, making it a neutral short-term prospect.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100