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Stock impact report

Why Is PacBio (PACB) Stock Soaring Today [Yahoo! Finance]

Pacific Biosciences of California, Inc. (PACB) 
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pacificbiosciences.com
Company Research Source: Yahoo! Finance
The firm's transaction reports showed the acquisition of 423,426 shares of Pacific Biosciences of California for approximately $724,058. This move was part of a series of end-of-year portfolio adjustments by ARK Invest. The purchases indicated a strategic tilt toward the biotechnology sector as the firm increased its holdings in several biotech companies. The shares closed the day at $1.88, up 8.4% from previous close. Is now the time to buy PacBio? Access our full analysis report here PacBio's shares are extremely volatile and have had 83 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 28 days ago when the stock gained 4.5% on the news that the stock's positive momentum continued as the company announced advances in its RNA sequencing technology for lung cancer research. The stock Show less Read more
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