MARKET SNAPSHOT: Stock Market’s Tech-related Sector Heads Higher As Facebook’s Shares Lead The Way

Enzo Biochem, Inc. (ENZ) is making a move down in the market in today’s trading session. The company, one that is focused in the biotech industry, is currently trading at $3.33 after tumbling -8.01% so far today. When it comes to biotechnology companies, there are quite a few factors that have the ability to lead to price movement in the market.

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Stock markets tech-related sector heads higher as Facebooks shares lead the way MarketWatch Jun-12-19 05:38PM This S&P 500 sector is having its best month in about 4 years, trouncing tech stocks MarketWatch

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As the ratio heads up, it means that more investors believe that the price of the stock is going to go down. Throughout the sector, biotech stocks can have a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, with regard to Enzo Biochem, Inc., the stock’s short ratio is 4.83.

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Tech stocks led the way Wednesday, with Apple extending a rally that began Tuesday after it unveiled a trio of new iPhones and monthly prices for its new video-streaming service. Shares of the phone maker finished up $6.89, or 3.2%, to $223.59. Other technology stocks jumped as well, with Facebook, Micron Technology and Intel all rising at.

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