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Benzinga
Benzinga
Business
Adam Eckert

Why Is PolarityTE Stock Up 85% Today?

PolarityTE Inc (NASDAQ:PTE) shares are surging Tuesday as traders circle bullish commentary from a popular trader in the "FinTwit" community.

"FinTwit" is an abbreviated term for "Financial Twitter," which consists of the community of traders and investors who use the Twitter Inc (NYSE:TWTR) platform to share ideas and discuss all things finance related.

Twitter user @MrZackMorris mentioned Polarity after the market closed on Monday, suggesting the stock could reach $1 per share. The stock has seen increased volatility on abnormally-high volume since the tweet.

Polarity's average session volume over a 100-day period is about 1.5 million, according to data from Benzinga Pro. Tuesday's trading volume has already exceeded 211 million at publication time.

Polarity is a commercial-stage biotechnology and regenerative biomaterials company.

See Also: Why Actinium Pharmaceuticals Stock Is Surging

PTE 52-Week Range: $0.18 - $1.38

The stock was up 85.5% at 39 cents at time of publication.

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