Short-Term Soaring Stock: Bionano Genomics Gains 10%

NASDAQ: BNGO performance in March fell from $1.25 to $0.46 when investors were reluctant to buy any share because of the COVID-19 lockdown. Fortunately, since April 8 the stock has been growing slowly by giving a nice chance to short-term traders in making quite a serious margin. The rapid growth started on May 21 and kept soaring until this week’s Friday.

On the 18th of June Bionano Genomics will report its Q1 2020 earnings. It seems its management is not in a rush to unveil its overall quarter performance. Perhaps, the stock might jump after the report goes online. If Q1 earnings are not promising BNGO may lose significant value.

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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