Etsy (NASDAQ: ETSY) shareholders saw more volatility on Wednesday as the stock fell 6% by 3 p.m. ET, compared to a 0.9% drop in the S&P 500. The slump came as investors lost a bit of the enthusiasm they had developed earlier in the week about stabilizing economic growth trends. Markets fell on Wednesday, with the Nasdaq Composite Index declining 1%. Read More...
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Why Guardant Health Stock Fell 5.5% Today
This morning, analysts at investment bank Craig-Hallum announced a switch in their bets on cancer-screening biopsy companies, downgrading shares of Exact Sciences (NASDAQ: EXAS) from buy to hold — and replacing them with a bet on Guardant Health — initiated at buy. Responding to the news, investors are selling off Exact Sciences stock by 6.5% today, as of 10:45 a.m. But here’s the bad news: they’re selling Guardant Health too — it’s down 5.5%. In twin notes reported by StreetInsider this morning, Craig-Hallum notes that the Guardant ECLIPSE Shield study is nearing a conclusion.
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