What's Going On With T2 Biosystems (TTOO) Stock?

T2 Biosystems, Inc. TTOO shares are volatile Wednesday. The stock was up over 16% just after market open, but is now trading down nearly 10%  for the day. 

What To Know:

T2 Biosystems is trading down on the day, however the stock remains up 54% over the last five days and up more than 375% over the last month.

Shares of TTOO are moving on heavy trading volume. According to Benzinga Pro, more than 265 million shares have been traded in the session, compared to the stock's 100-day average of 93.661 million shares.

TTOO regained compliance with the Nasdaq market value of listed securities (MVLS) requirement on Aug. 7, the tenth consecutive trading day when the MVLS was at least $35 million. T2 Biosystems must still demonstrate compliance with Nasdaq minimum bid price rule by November 20, 2023.

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TTOO Price Action: According to Benzinga Pro, T2 Biosystems shares are down by 8.37% at 54 cents at the time of publication.

Image: OpenClipart-Vectors from Pixabay

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