T2 Biosystems Inc (TTOO)

[WealthWizard]

T2 Biosystems (TTOO) stock is sinking 14% due to insider selling activity from a key shareholder, raising investor concerns. The board has adopted a 1:50 reverse split, which usually leads to a drop in share prices. The company's price is plummeting instead of the FDA approval of its four diagnostic tests, and it has started firing employees. The company's floating cash is nearly non-existent, and it may soon be put up for sale.