Over 1 Year Ago
2 Min Read

DNA shares hopped up 18% today. The primary reasons:



 Ginkgo Bioworks Holdings Inc - Class A (DNA) is trading 18% higher at $3.7 today.

  • Cathie Wood buying up biotechs like Ginkgo Bioworks (DNA), Invitae (NVTA) and Teladoc (TDOC) lately

Ginkgo Bioworks Holdings Inc - Class A has been trading between a 52-week high of $15.86 and a 52-week low of $2.09. The stock has a market cap of $4.05 Billion.

Ginkgo Bioworks is building a platform to enable customers to program cells as easily as they can program computers. The company's cell programming platform enables the growth of biotechnology across diverse markets, from food to fragrance to pharmaceuticals.

Headlines


Ginkgo Bioworks Holdings Inc. (NYSE:DNA) 2.29% Up Over The Last Seven Days. Can The Stock Hit Well Above $0.07?
Marketing Sentinel 08-11-22

Synlogic, Ginkgo Bioworks develop SYNB2081 to treat gout
Seeking Alpha 08-11-22

Synlogic Announces Synthetic Biotic for Gout Developed in Partnership with Ginkgo Bioworks
Benzinga 08-11-22

Ginkgo Bioworks and the Rwanda Development Board Announce Plans to Develop and Implement New Biosecurity Capabilities in Rwanda
Benzinga 08-11-22

Ginkgo Bioworks Stock: Time To Buy (NYSE:DNA)
Seeking Alpha 08-10-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

ICanFinallyRelax - 13 upvotes - source
I have 12502 shares of Amyris at a $4 avg. I have been researching the company for the past 6 years and believe that it is spearheading the next industrial revolution. If you are curious, there is a subreddit. A summary thesis: Amyris reprograms the DNA of microorganisms to turn them into mini bio factories. You know how in Alchemy the goal was to turn lead into gold? Well Amyris uses biology to turn sugar into molecules that are more valuable. They can turn sugar into cannabinoids, Vanillin, proteins, drugs, etc. And they can do it at scale. The difference between Amyris and other synbios is that Amyris has scaled 13 molecules to date and other synbios have not scaled any...

freehouse_throwaway - 3 upvotes - source
lol DNA getting squeezed...

Moderate-Tip - 3 upvotes - source
DNA

NeuropsychiatricMao - 2 upvotes - source
AMZN, INTC, and DNA

Late_Rock9012 - 2 upvotes - source
DNA DNA DNA

buffalomozzaballz - 2 upvotes - source
$DNA trying to squeeze? No news, but I do like the stock. Was trying to buy more today when I saw the 🚀. This looks like familiar territory.

Felix-th3-rat - 2 upvotes - source
What the hell just happened the Ginkgo bio works (dna)… I m a long term with them, but plus 45% in a day!

BlazingFig - 2 upvotes - source
DNA😛😛

Chicanery-McGill - 1 upvotes - source
Did they halt DNA?

DesmondMilesDant - 1 upvotes - source
Maybe the reason is just like using fib retracment. As you might have heard that fibonacci numbers are every where from nature petals to dna strands etc. Hence it kinda becomes a self fulfilling prophecy when we do day trade or swing trade. In the same i think this sabbatical derives its form ( which is only known by HFs and institutions coz its taught in Harvard history class ) from a self fulfilling prophecy too known by few powerful people in history :)