Why Is SeqLL (SQL) Stock Up 256% Today?


  • SeqLL (SQL) stock is surging Monday on a new contract.
  • The company signed a two-year agreement with the FBI.
  • Shares of SQL stock are rising alongside heavy trading today.
SQL Stock. Two business men shaking hands in a sunny setting representing AERC stock.

Source: Shutterstock.com

SeqLL (NASDAQ:SQL) stock is seeing massive gains on Tuesday after signing a new contract with a government agency.

Specifically, the company has signed a two-year Cooperative Research and Development Agreement (CRADA) with the Federal Bureau of Investigation (FBI). This will see it working with the FBI Laboratory Division on direct RNA sequencing.

The goal is to determine the forensic capabilities of direct RNA sequencing using SeqLL’s True Single Molecule Sequencing platform. The focus will be on forensic body fluid identification “without compromising traditional STR or DNA sequence analysis.”

Daniel Jones, Founder and CEO of SeqLL, said the following about the deal with the FBI:

“We are delighted to be working with a motivated and knowledgeable partner, such as the FBI LD. We appreciate the opportunity this CRADA provides, to methodically develop forensic applications utilizing SeqLL’s technology […] We look forward to demonstrating how single-molecule, PCR-free approaches are ideally suited for this space.”

SQL Stock Reactions

News of the FBI deal has shares of SQL stock seeing incredibly heavy trading today. As of this writing, more than 55 million shares have changed hands. That’s an incredible surge over the daily average trading volume of about 79,000 shares.

SQL stock is up 255.6% as of Tuesday morning.

Investors on the lookout for more of the latest stock market news are in luck!

We’ve got them covered with all of the hottest stock market happenings on Tuesday! A few examples include why shares of Baidu (NASDAQ:BIDU), Lithium Americas (NYSE:LAC) and Boeing (NYSE:BA) are in the news today. You can read up on all that news at the links below!

More Tuesday Stock Market News

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

Read More:Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, William White did not hold (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.

Article printed from InvestorPlace Media, https://investorplace.com/2023/02/why-is-seqll-sql-stock-up-256-today/.

©2023 InvestorPlace Media, LLC