Ginkgo Bioworks Holdings shares are trading higher after the company received a continued listing standard notice from the NYSE. Also, the stock may be trading higher amid strength in high-short interest stocks after retail trader 'Roaring Kitty' returned to social media.
Portfolio Pulse from Benzinga Newsdesk
Ginkgo Bioworks Holdings' shares surged following a continued listing standard notice from the NYSE and potential influence from 'Roaring Kitty's' return to social media, which may have boosted high-short interest stocks.
May 14, 2024 | 2:44 pm
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POSITIVE IMPACT
Ginkgo Bioworks Holdings received a continued listing standard notice from the NYSE, potentially boosting its stock. Additionally, the return of 'Roaring Kitty' to social media may have positively influenced high-short interest stocks, including DNA.
The NYSE continued listing notice is a direct positive regulatory development for Ginkgo Bioworks, indicating compliance with market standards. The mention of 'Roaring Kitty', known for influencing high-short interest stocks, suggests additional investor interest and potential speculative trading, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100