Bionano Genomics Attempts To Recover: How to Trade Now?

February 25, 2021January 14, 2022 Alex Krakowsky

The Bionano Genomics (NASDAQ: BNGO) stock has displayed a certain degree of volatility this week and it could be important for investors to be abreast of the situation.

On Tuesday, the stock declined sharply by as much as 15% even though there was no material news about the company. While that was surprising, the stock made a recovery on Wednesday and went up by as high as 9.50%. Again, there was no specific news regarding Bionano that could have brought about the recovery. In such a situation, it is important to take a look at the nature of the company’s business. The biotech stock has had an impressive run in 2021 despite the volatility this week.

In recent times, the company had also made announcements that spoke about the progress it has made in the field of genetic research. Earlier this week, the Lineagen division at Bionano announced a new publication as well. It might be a stock that could deserve some attention.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

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