Corporate News

GeneDx Holdings Stock Plunges 45% On Revenue Decline In Q1

GeneDx Holdings Corp. (WGS) sank 44.82 percent to $71.14, down $52.07 during Wednesday's trading, after posting a drop in first-quarter revenue and mixed profitability.

Revenue fell to $87.1 million from $95.6 million in the prior quarter, while net income attributable to the company dropped to $3.98 million from $7.69 million.

The stock opened at $80.70 and ranged between $66.00 and $83.33 during the day. Trading volume reached 3.5 million shares, well above the average of 1.1 million.

The 52-week range is $16.65 to $117.75.

by RTTNews Staff Writer

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