Why Twist Bioscience Stock Is Crashing This Week
Shares of Twist Bioscience (NASDAQ: TWST) were crashing this week, plunging 37.2% as of the market close on Thursday, according to data provided by S&P Global Market Intelligence. The steep decline came after Scorpion Capital announced on Tuesday that it was short-selling the stock and released a scathing online report about the synthetic DNA maker. Scorpion accused Twist Bioscience of being "a cash-burning inferno that is not a going concern."