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FLGT - Is a Short-Squeeze Driving Fulgent Genetics Higher?
Fulgent Genetics Inc.
Fulgent Genetics (NASDAQ: FLGT) soared in 2020, with its stock gaining more than 300%. Investors hoping for a pullback in 2021 have been disappointed, as the stock has gained a jaw-dropping 200% so far this year. This has investors wondering whether there's a short squeeze at work, or if it's something else driving the stock's stratospheric growth.
On this clip from Motley Fool Live , recorded on Jan 29 , "The Wrap" host Jason Hall and Fool.com contributors Danny Vena and Brian Withers dig a little deeper into what's happening.