What's Going On With T2 Biosystems Stock?

T2 Biosystems, Inc. TTOO shares are roaring higher Friday, though the stock remains down nearly 37% over the last month. 

What To Know:

T2 Biosystems will report its preliminary third-quarter financial results after the market on Oct. 12 and will hold a conference call to discuss the results at 4:30 p.m. ET the same day. 

According to SEC filings, a significant holder of T2 Biosystems stock, CR Group L.P., sold more than 28 million TTOO shares in several sales at the end of September.  

Shares of TTOO are up on heavy trading volume Friday, and the stock is currently listed as one of the top trending tickers on Yahoo! Finance.

According to data from Benzinga Pro, more than 43 million shares have already been traded in the session, compared to the stock's 100-day average of 115.928 million shares.

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TTOO Price Action: According to Benzinga Pro, T2 Biosystems shares are up 14.5% at 22 cents at the time of publication.

Image: Pete Linforth from Pixabay