Here's Why Invitae Tumbled 32.9% in March
Shares of Invitae (NYSE: NVTA) lost nearly 33% last month, according to data from S&P Global Market Intelligence. The coronavirus pandemic spared few stocks, but growth stocks -- many of which trade at premium valuations -- in particular had a painful March.
That's not to say the business or its shareholders only face indirect risks. The coronavirus pandemic has swiftly changed the trajectory of the economy, which has made investors question the viability of growth-at-all-costs business models. Invitae, which reported an operating loss of $244 million in 2019, might be forced to embrace more financial discipline -- and quickly.
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Source Fool.com
