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Yield10 Bioscience (YTEN) Stock Risen 16% After-Hour, Here Is Why?

Shares of agricultural bioscience company Yield10 Bioscience, Inc. (YTEN) risen 16.22% in an extended trading session on Thursday.

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That came after the price of YTEN moved down by -$1.24 or -6.42% during the normal trading session on Thursday to settle at $18.06. The trading volume of Yield10 Bioscience Inc. (YTEN) stock remained 79753.0 shares, which was low, compared to its average daily volume of 270.18K shares. The rise in after-hour trading is likely to be the recovery the stock price has been making after going through a decline in the regular session.

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What does the company do?

Yield10 Bioscience, Inc. is an agricultural bioscience organization that produces seed technologies that are associated with sustainable agriculture, social responsibility, and biodiversity patterns.

Recent developments:

Earlier this month, Yield10 Bioscience closed an underwritten public offering of 1,040,000 shares of its common stock at a public offering price of $12.25 per share. A total of about $12.7 million was realized before deduction of commissions, underwriting discounts, and other costs affiliated to the offering. In the offering, institutional and retail investors as well as existing investors, including Jack W. Schuler, participated. As single book-running manager, Maxim Group LLC handled all issuances in the public offering.

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