Why iSpecimen Shares Are Surging On Friday?
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iSpecimen Inc (NASDAQ: ISPC) shares surged 22.58% on Friday following a shipping overhaul that reduces transit times by 70-85%. The new model eliminates centralized hub routing, allowing domestic shipments to arrive in 1-2 days and lowering shipping costs. The company also expanded sourcing partnerships in Europe for rare specimens. Despite recent performance showing a revenue of $51,760 and a loss per share of 74 cents, the stock remains near the bottom of its 52-week range. Overall, the stock is down 88.64% over the past year.
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