NEW YORK (GenomeWeb News) – Shares in Molecular Devices were up around 10 percent, or $2.17, to $24.39 in mid-afternoon trading today after an investment bank yesterday upgraded its stock.
Infinium Securities upgraded the stock to “Outperform” from “Underperform” yesterday.
The uptick today halted a 16-percent decline in share price that began July 21 when Molecular Devices announced weak second quarter revenue and earnings.