Why T2 Biosystems Stock Fell Today

T2 Biosystems, Inc. TTOO shares traded lower Tuesday as the stock pulled back following Monday's strength after the FDA cleared the company's biothreat panel for commercial distribution.
What To Know: Shares of T2 Biosystems received a boost Monday following the FDA clearance which will allow the company to immediately start marketing and selling the T2Biothreat Panel, a direct-from-blood molecular diagnostic test, in the U.S. market.

However, T2 Biosystems stock pulled back Tuesday by over 26% following Monday's gain.

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TTOO Price Action: Shares of TTOO were gaining back 5.3% to trade at 39 cents in the after-hours session, according to Benzinga Pro.

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