Shares of Biolase (BIOL +14.6%) are having a strong session after the company says it has been...

|By:, SA News Editor

Shares of Biolase (BIOL +14.6%) are having a strong session after the company says it has been preliminarily chosen for addition to the Russell 3000 Index and the Russell Global Index. The company reminds investors that "a May 31 report from Cantor Fitzgerald predicted that … an additional 2.5-3M BIOL shares will be purchased to be included by June 28th for Index-based funds' compliance with their own guidelines." Also, WallachBeth starts the shares at Buy with a $6.50 PT.