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Pacific Biosciences's Stock Price And Volume Action
Pacific Biosciences's (NASDAQ:PACB) stock has been rising Wednesday, up 6.84% to a price of $35.12. The stock's current volume for the day is 1.22 million, which is approximately 20.58% of its previous 30-day average volume of 5.93 million.
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Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Pacific Biosciences shares are trading higher after the company announced a multi-year collaboration with Invitae to begin development of a production-scale high-throughput sequencing platform.
Further Analysis of Recent Price Action
The moving average price of the stock over the past 50 days was $20.54 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $39.56 and as low as $2.2.
If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.