BMRA Stock: Why It Increased Drastically Today

By Amit Chowdhry ● Oct 5, 2021
  • The stock price of Biomerica, Inc. (NASDAQ: BMRA) increased by over 19% during intraday trading today. This is why it happened.

The stock price of Biomerica, Inc. (NASDAQ: BMRA) increased by over 19% during intraday trading today. There are no company-specific reports driving the stock price up today so it appears there are external factors at play.

There has been an uptick in discussions about the company shares on social media today, including Discord, Twitter, Facebook, StockTwits, Reddit, etc. Investors also cited Biomerica being on a list of top short squeeze stocks for this week on Fintel via InvestorPlace.

A few days ago, Biomerica’s stock price surged after the company announced that it has entered into a General Merchandise Supplier Agreement with Walmart for the sale of the company’s EZ Detect colorectal disease screening test within the Walmart retail system. And Biomerica has shipped its first orders of the EZ Detect product to Walmart. And Walmart recently started selling the product through its online sales channels.

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