Behind The 'Knee-Jerk' Sell-Off In T2 Biosystems [Seeking Alpha]
T2 Biosystems, Inc. (TTOO)
Last t2 biosystems, inc. earnings: 2/24 04:05 pm
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US:NASDAQ Investor Relations:
investors.t2biosystems.com/phoenix.zhtml?c=253528&p=irol-faq
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Source: Seeking Alpha
Summary I come from a home where gravy is a beverage .” ? Erma Bombeck The late summer continues to see a dismal market for many small biotech and medical device stocks. The third quarter is often the worst quarter of the year for this sector as volume dries up, there are few major healthcare conferences and traders take a good portion of the summer off. There always seems to a be a good deal of knee-jerk reactions during this time of the year as many small caps see a 'buyer's strike' in their shares. T2 Biosystems ( TTOO ) is an excellent example of this short term mentality. The company posted solid second quarter results after the bell Thursday. The stock was up over seven percent in after-hours trading and open up in the regular market on Friday. Enthusiasm soon led to profit taking and shares ended the day down four percent. This caps a remarkable 40% sell-off since a nice rally after FDA approval of a new panel on May 29th for the company took th
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TTOO
News
- T2 Biosystems shareholders vote to convert $15M CRG debt into equity [Seeking Alpha]Seeking Alpha
- T2 Biosystems Shareholders Vote for CRG Debt Conversion into EquityGlobeNewswire
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc. [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc.GlobeNewswire
- T2 Biosystems Unveils T2Lyme Launch Plans and Provides Additional Business Updates [Yahoo! Finance]Yahoo! Finance
TTOO
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form 4
- 4/12/24 - Form 8-K
- TTOO's page on the SEC website