Why GeneDx Holdings Stock Crushed It Again Today
GeneDx (NASDAQ: WGS) shareholders are having quite a spectacular week, and it's not over yet. On Wednesday, the company's stock soared again, notching a nearly 13% pop after the previous day's 8%-plus increase. Still basking in the glow of a fine quarterly earnings report, GeneDx was bolstered by several new, bullish analyst updates.
GeneDx's second-quarter earnings release showed not only a vast improvement in revenue and a flip into the black on the bottom line, but those fundamentals came in significantly higher than the consensus analyst estimates. As if that weren't enough, management raised several key guidance items.
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Source Fool.com
