Bulletin
Investor Alert

Market Pulse Archives

Jan. 7, 2021, 4:48 p.m. EST

Bionano Genomics shares fall after plan to sell more stock

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Bionano Genomics Inc. (BNGO)

or Cancel Already have a watchlist? Log In

By Jeremy C. Owens

BNGO

Bionano Genomics Inc. /zigman2/quotes/208673493/composite BNGO -7.36% plans to sell more shares after a sudden surge in its stock price in recent weeks, and shares dove in after-hours trading Thursday in response. The company revealed Thursday afternoon that it expects to sell more shares under a shelf prospectus filed in August, but did not spell out how many shares it plans to sell nor at what price. The genome-analysis company's shares traded for less than $1 for much of 2020, but began to move sharply higher around Christmas, gaining more than 800% in the past month. Shares closed Thursday at $5, a retreat from highs topping $7 earlier in the week, then fell more than 10% in after-hours trading Thursday following the news that more shares would be sold.

/zigman2/quotes/208673493/composite
US : U.S.: Nasdaq
$ 5.66
-0.45 -7.36%
Volume: 23.22M
April 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.70 billion
Rev. per Employee
$57,843
loading...

Get news alerts on Bionano Genomics Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.