Adaptive Biotechnologies (ADPT) Surges 12.5%: Is This an Indication of Further Gains?

Adaptive Biotechnologies (ADPT) shares soared 12.5% in the last trading session to close at $11.98. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.5% gain over the past four weeks.The sudden rise in price can be attributed to investor optimism related to growing demand and volume growth of Adaptive Biotechnologies’ clonoSEQ, an FDA-cleared diagnostic test used to detect and monitor minimal residual disease (MRD) in patients w ...