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Why 23andMe Stock Just Jumped 10%

TheMotleyFool

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Shares of 23andMe Holding, the genetic testing and genealogical database company, finalized its merger with special purpose acquisition company (SPAC) stock VG Acquisition (NYSE: VGAC) and began trading as itself on the Nasdaq Stock Market today.

Investors were pretty happy with the result: As of 12:45 p.m. EDT, 23andMe stock is up 9.6% from where its SPAC closed trading last night.

Image source: Getty Images.

Source Fool.com

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