BIOL Stock Price Falls Over 5%: Why It Happened

By Amit Chowdhry ● January 13, 2021
  • The stock price of BIOLASE Inc (NASDAQ: BIOL) is trading down over 5% today. This is why it happened.

The stock price of BIOLASE Inc (NASDAQ: BIOL)is trading down over 5% today. One of the reasons why the stock price is down today likely has to do with a correction following a surge of over 258% over the past month.

Yesterday alone, the stock price of BIOLASE increased by over 80%. That surge had to do with the company signing an agreement with Dental Care Alliance (DCA).

The DCA is one of the largest dental support organizations (DSO) in the US with over 330 affiliated practices in 20 states to expand laser adoption and hands-on training programs in targeted geographies. BIOLASE expects the agreement to lead to a rollout across all DCA offices in 2021.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.