What's Going On With T2 Biosystems Stock Friday?

T2 Biosystems, Inc. TTOO shares are trading higher Friday despite a lack of company-specific news. Here's a look at what's going on:

What To Know:

T2 Biosystems shares are up more than 20% in early trading Friday, though the stock remains down 12% over the last five days.

According to an SEC filing, CR Group L.P. sold another 5 million shares of TTOO on Sept. 22 at an average price of just under 26 cents per share. This is in addition to the 10 million shares at $0.366 per share sold by CR Group on Sept. 19. 

Shares of TTOO are moving on heavy trading volume. According to data from Benzinga Pro, more than 39.2 million shares have already been traded on Friday, compared to the stock's 100-day average of 114.959 million shares.

TTOO has become a favorite ticker among retail investors and is currently trending on both Stocktwits and Yahoo! Finance. 

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TTOO Price Action: According to Benzinga Pro, T2 Biosystems shares are up 20% at 22 cents at the time of publication.

Image: kalhh from Pixabay