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Arcadia Biosciences' stock rockets on heavy volume after USDA approval of drought-tolerant soybeans

Shares of Arcadia Biosciences Inc. RKDA,  rocketed 97.5% on very heavy volume Friday, after Verdeca, a joint venture between Arcadia and Bioceres Crop Solutions Corp. BIOX, , said it received approval from the U.S. Department of Agriculture to commercialize its HB4 drought-tolerant soybeans. Trading volume in Arcadia's stock was 28.5 million shares, compared with the full-day average of about 127,000 shares.

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https://www.marketwatch.com/story/arcadi...yptr=yahoo


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