iSpecimen Inc (NASDAQ:ISPC) Stock Is All Set To Open at New High Today
Those who are looking into the premarket action this morning might have already noticed that the iSpecimen Inc (NASDAQ:ISPC) stock has continued from where it left off on Monday.
Market Stats
On Monday, ISPC stock surged 81% at $8.88 with more than 91.30 million shares, compared to its average volume of 67K shares. The stock has moved within a range of $8.06 – 12.77 after opening trading at $11.39. Moreover, the stock is up another 45% in the pre-market session.
The Covid-19 Research News
After a key announcement on Monday with regards to partnerships, the iSpecimen stock ended up with gains of as much as 80%. This morning, investors have piled on to the stock yet again during the premarket trading period once again and sent it soaring by as much as 101%. In light of such enormous gains, it might just be the right time for investors to start tracking the iSpecimen stock a bit more closely.
The company announced yesterday that it got into partnerships with both the United States Government as well as private researchers with regards to COVID-19 related research. It goes without saying that such partnerships can be a significant positive for iSpecimen and hence, the reaction from the investors is perhaps understandable.
On the other hand, the company also has a track record of working with United States government affiliated institutions. During the pandemic, iSpecimen had worked with both the United States military and also with the United States Centers of Disease Control and Prevention.
Traders Corner
ISPC stock is trading above the 20-Day and 50-Day Moving averages of $6.13 and $6.20 respectively. Moreover, the stock is trading above the 200-Day moving average of $6.26. The stock is up 70% in the past week.
