Why Bionano Genomics Stock Rocketed More Than 28% Today

Shares of Bionano Genomics (NASDAQ: BNGO) furthered their recent gains on Monday. By the close of trading, the genome analysis company's stock price was up 28.4%.

Bullish analyst remarks have likely contributed to Bionano's recent ascent. Maxim analyst Jason McCarthy reiterated his buy rating on Bionano's shares and boosted his price forecast sevenfold -- from $2 to $14 -- on Friday. 

Bionano Genomics stock rose sharply in recent days. Image source: Getty Images.

Continue reading

Source Fool.com