LWLG - Why the Lights Went Out on Lightwave Logic Stock This Week
Lightwave Logic (NASDAQ: LWLG) stock didn't glow very brightly over the past five trading days. The company, which is developing a platform based on electro-optic polymers that will allow for higher data transmission speeds, announced a new acquisition.
Investors hardly seemed cheered by this, as according to data compiled by S&P Global Market Intelligence , the stock's price took a more than 16% hit over the course of the week.
Lightwave's light started to dim Tuesday morning, just after it announced that it is reaching across the Atlantic to buy a set of assets in the U.K. Specifically, these comprise the polymer technology and intellectual property of privately held Chromosol.
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Why the Lights Went Out on Lightwave Logic Stock This Week