Invitae Up 26% on High Volume Two Days After Post-Earnings Surge | The Markets Café
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Invitae Up 26% on High Volume Two Days After Post-Earnings Surge

by Press Room
August 13, 2022
in Markets
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By Josh Beckerman

Two days after a massive surge following its earnings report, Invitae Corp. was up 26% to $5.70, posting its third consecutive day of volume over 100 million shares.

The medical genetics company’s shares closed at $2.29 Tuesday, rising 277% the next day to $8.63 and declining to a Thursday close of $4.51.

Invitae said in its Tuesday afternoon earnings report that it had “improvements in several key metrics focusing on non-GAAP gross margin, operating expense and cash burn trajectory.”


Write to Josh Beckerman at josh.beckerman@wsj.com


Read the full article here

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