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Why Shares of Zymergen Are Skyrocketing Today

·2 min read
Why Shares of Zymergen Are Skyrocketing Today
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Rebounding from the 16% slide that they experienced last week, shares of Zymergen (NASDAQ: ZY) are soaring today as investors learn of an insider's significant acquisition of the company's stock. As of 10:34 a.m. ET, shares of the synthetic-biology company's stock are up 8.5%, having given back some of the 13.8% gain they made earlier in the trading session. According to a recent filing, Flatley bought 100,000 shares of stock in a transaction valued at $1 million, bringing his total position to 144,789 shares.