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.

Continue reading

Source Fool.com