BIOLASE (BIOL) Hits New High Again: Time To Hold Or Sell?

There were many stocks that managed to record significant gains on Tuesday and one of the more notable ones was the BIOLASE Inc (NASDAQ: BIOL) stock. The stock has performed admirably over the past two weeks and delivered gains of as much as 300%.

 

On Tuesday, it continued to climb and rallied by as much as 80% following a key announcement from BIOLASE. In this sort of situation, it could be worthwhile for investors to perhaps take a closer look at BIOLASE.

Yesterday, the company announced that it is going to further expand its laser adoption program and training programs in specific areas through an agreement with Dental Care Alliance. It is a significant development for BIOLASE considering the size of Dental Care Alliance’s operations.

Dental Care Alliance is present in as many as 20 states through 330 affiliates at this point in time. The BIOLASE stock could well be in the radars of many investors today and it could be a good idea to keep an eye on it.

 

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.