CENN - BIAF Stock Alert: 13 Things to Know Following bioAffinity's Red-Hot Debut
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BioAffinity Technologies (NASDAQ:BIAF) stock is ramping up on Friday as investors push shares higher following its IPO yesterday.
That comes as several IPOs have been targeted by traders to pump them higher. This has those shares seeing great gains in the first few days of trading. However, they typically come falling back down once the hype has died.
Let’s get into what investors need to know about BIAF below!
- First off, BioAffinity Technologies stock was priced at $6.125 per share for its IPO.
- That saw it raise $8 million from its offering.
- The IPO also included units with two warrants.
- One of these is tradable and exercisable at $7.35.
- The other one is exercisable at $7.656.
- While BIAF stock is up now, it might fall in the coming days.
- That would likely be due to shareholders exercising those warrants and increasing the total pool of BIAF stock.
- The company will use funds from the IPO to fuel the commercialization of its CyPath lung test.
- This is a test designed to detect early signs of cancer at the cellular level.
- To go along with this test, the company offers its own therapies to treat early cancer.
- It does so through its OncoSelect Therapeutics subsidiary.
- BioAffinity Technologies claims that early detection and therapy help patients avoid a slew of problems.
- That includes costly and expensive treatments, as well as high stress and anxiety.
BIAF stock is up 10.2% as of Friday morning.
There’s more stock market news worth diving into below!
InvestorPlace is home to all of the hottest stock market news for Friday! Among that is what has Starbucks (NASDAQ:SBUX), Cenntro Electric (NASDAQ:CENN), and Lululemon (NASDAQ:LULU) stock on the move today. You can find out all about these topics at the following links!
More Friday Stock Market News
- SBUX Stock Is in Focus on News of Starbucks’ New CEO Laxman Narasimhan
- What Is Going on With Cenntro Electric (CENN) Stock Today?
- Why Is Lululemon (LULU) Stock Up 10% Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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