Applied DNA Rises on Large Purchase Order
October 10 2022 - 12:09PM
TipRanks
DNA technologies provider Applied DNA’s (NASDAQ:APDN) stock is
soaring today after the company announced a large purchase order
for LinearDNA. The single largest purchase order to date for the
company is upwards of mid-six figures and is from a global
manufacturer of in vitro diagnostics. The order in full is expected
to be delivered over the next three quarters. Importantly,
LinearDNA obliviates the usage of dermenters and bacteria needed by
plasmid DNA which is the current manufacturing standard. Will APDN
Stock Go Up? Despite today's price gains, Applied DNA stock is
still down ~25% over the past month and the Street remains
cautiously optimistic with a Moderate Buy consensus rating.
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Applied DNA Sciences (NASDAQ:APDN)
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From Dec 2022 to Jan 2023
Applied DNA Sciences (NASDAQ:APDN)
Historical Stock Chart
From Jan 2022 to Jan 2023