Why Invitae Stock Fell 11.1% Today
Shares of Invitae (NYSE: NVTA) closed trading Monday down by 11.1%. The genetic testing company didn't report any news. However, the combination of the Nasdaq Composite Index slipping by nearly 2.5% along with lingering disappointment over the mixed fourth-quarter results Invitae announced last week weighed on the stock.
It's best not to dwell on short-term price swings. Growth stocks such as Invitae tend to be highly volatile. When the overall market goes down, such stocks are likely to experience greater declines than average. That's what we saw with Invitae Monday.
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Source Fool.com
