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Why Zymergen's Stock Is Skyrocketing Today

Why Zymergen's Stock Is Skyrocketing Today
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Cathie Wood , Jay Flatley , கேத்தி மரம் , ஜெய் பிளாட்லி ,

Synthetic Biology Company Zymergen Plunges 68% After Saying Product Revenue Will Be 'Immaterial' in 2022, Removing CEO – NBC 7 San Diego


By Ari Levy, CNBC •
Updated 5 hours ago
Mark Neuling | CNBC
Zymergen went public at $31 a share in April and traded as high as $48.50, valuing the company at $4.8 billion.
The stock sank to $11.07 after hours on Tuesday, leaving its market cap at just over $1 billion.
The company has yet to start generating product sales and said it now expects revenue from its products to be immaterial through 2022.
A little more than three months after pricing its IPO at the top of its expected range and soaring out of the gate, Zymergen is warning investors that revenue from its experimental products won t be coming anytime soon. ....

Jay Flatley , Josh Hoffman , ஜெய் பிளாட்லி , ஜோஷ் ஹாஃப்மேன் ,

Synthetic Biology Company Zymergen Plunges 68% After Saying Product Revenue Will Be 'Immaterial' in 2022, Removing CEO – NBC10 Philadelphia


By Ari Levy, CNBC •
Updated on August 3, 2021 at 8:15 pm
Mark Neuling | CNBC
Zymergen went public at $31 a share in April and traded as high as $48.50, valuing the company at $4.8 billion.
The stock sank to $11.07 after hours on Tuesday, leaving its market cap at just over $1 billion.
The company has yet to start generating product sales and said it now expects revenue from its products to be immaterial through 2022.
A little more than three months after pricing its IPO at the top of its expected range and soaring out of the gate, Zymergen is warning investors that revenue from its experimental products won t be coming anytime soon. ....

Jay Flatley , Josh Hoffman , ஜெய் பிளாட்லி , ஜோஷ் ஹாஃப்மேன் ,