Is a Short-Squeeze Driving Fulgent Genetics Higher?
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.
Source Fool.com
