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why is guardant health stock dropping

Press Release reported on 09/01/20 that Guardant Health to Participate in Morgan Stanley 2020 Healthcare Conference. Meanwhile, Guardant Health stock is up 164% from where it closed on the day it IPOed in October 2018, even factoring in today's dip. Market data powered by FactSet and Web Financial Group. The roller coaster for Guardant Health continues, with shares down 10.1% to $70.22 at 11:45 a.m. EDT today. Recent news which mentions Guardant Health. Guardant also expects that a final Medicare local coverage determination (LCD) could be issued for Guardant360 later in 2019. Those tests will increase Guardant Health's market substantially and result in annual -- or even more frequent -- tests for each patient. Share. Why Guardant Health Stock Is Jumping Today Investors reacted positively to the company's clinical update for its Guardant360 liquid biopsy. On Monday, Clark sold some shares of Guardant Health at $94.05 immediately after exercising an option that allowed him to acquire them for $4.18 per share. Tickers DNA TC. Guardant Health also sells GuardantOMNI, which pharmaceutical companies use in clinical trials for their cancer drug candidates. Net worth tracking. Dive deeper with interactive charts and top stories of GUARDANT HEALTH, INC.. Returns as of 01/24/2021. About the Guardant Health, Inc. stock forecast. What happened. Clark's also a director at Forty-Seven and Corvus Pharmaceuticals, shares of which have lost 51% and 58%, respectively, over the past year. Unless Clark's other stock options increase in value, investors can expect more Guardant Health stock sales from this insider in the near future. Karius raises $165 million for its liquid biopsy technology identifying diseases in a drop of blood. Apr 10, 2019 1:21AM EDT. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The stock is worth watching. August 7, 2019. Shares of Guardant Health (NASDAQ: GH) were rising 8.6% higher as of 1:25 p.m. EDT on Thursday after dropping as much as 11% earlier in the day and later jumping as much as 15.1%. Shares of Guardant Health (NASDAQ:GH) were slipping Friday after investors noticed that one of the company's independent directors sold off some shares. Experts. Better Coronavirus Stock: Quidel or Guardant Health? Published. Post-Market 0.00 (0.00%) Earnings reports or recent company news can cause the stock price to drop. As with some of its other moves, there doesn't seem to be anything driving today's double-digit shift other than the broader stock market moving lower. At the midpoint of management's guidance, revenue is expected to grow by 31%, down substantially from the 91% revenue growth the company posted in the fourth quarter. Thousands of National Guardsmen banished to parking garage. How did the liquid biopsy company manage to defy gravity as the overall stock market plunged on worries about COVID-19? Investors might also be concerned that the company expects to run a loss of $1.65 to $1.70 per share this year, larger than last year's $0.84 per share. Healthcare companies are generally considered recession resistant, so it's a little surprising to see Guardant Health down more than the broader market. Clark disposed of just 538 shares, netting himself just $48,350 before taxes. Guardant Health, Inc. Common Stock (GH) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. What happened. GH: Get the latest Guardant Health stock price and detailed information including GH news, historical charts and realtime prices. Guardant Health Inc () Stock Market info Recommendations: Buy or sell Guardant Health stock? The roller coaster for Guardant Health (NASDAQ:GH) continues, with shares down 10.1% to $70.22 at 11:45 a.m. EDT today. Guardant Health News: This is the News-site for the company Guardant Health on Markets Insider Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock. Stock Advisor launched in February of 2002. Guardant Health Inc. (NASDAQ:GH) is a biotechnology company. And yet the stocks are falling nonetheless. Even if the COVID-19 coronavirus outbreak gets worse, people are still going to get cancer and need to figure out which treatments are required. Keith Speights, The Motley Fool. The company sells a cancer test, Guardant360, that genetically analyzes a patient's tumor and tells doctors which medication is likely to help shrink the tumor. The all-time high Guardant Health stock closing price was 160.07 on January 12, 2021.; The Guardant Health 52-week high stock price is 163.42, which is 2.6% above the current share price. Clark probably just needed the money for back-to-school shopping or some other innocuous purpose. And … The Motley Fool. Publisher. ShockWave Medical (NASDAQ:SWAV) and Guardant Health both came public in the last year and are off to a fast start. Guardant Health's stock soars 47% in public debut Oct. 4, 2018 at 10:52 a.m. Guardant Health Inc. (NASDAQ:GH) went up by 4.07% from its latest closing price compared to the recent 1-year high of $105.00. And taking profits is a less insidious motivation than today's stock flop would indicate. Is Guardant Health worth watching? Guardant Health, Inc. (GH) is catching the eye of the trading community. The Motley Fool. Trailing Twelve Months – Over the last twelve months, investors have experienced a return from Guardant Health, Inc. shares in the amount of 42.80%. Biden Unveils a National Pandemic Response That Trump Resisted. When a company develops products that should be game changers in the way cancer is treated, it's going to generate a lot of buzz. Share. That's hardly enough to raise alarms, but he also sold 9,683 shares of Guardant Health on the day of the company's second-quarter earnings call, just a few weeks ago. What happened. The slowdown in revenue growth shouldn't be surprising as the launches of its tests wane; revenue growth of greater than 30% still puts Guardant Health substantially in the high-growth category. Here's Why Guardant Health Shares Are Sliding Today Investors worried about a couple of insider trades put pressure on the stock price. There are several factors that may be causing the movement in the stock. 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