Why Quidel Stock Is Shooting Higher This Week
The world is facing yet another threat from the coronavirus, as the fast-spreading omicron variant continues to gain traction. So it makes sense that companies with effective COVID-19 diagnostics solutions are attracting plenty of investor interest these days. Case in point: Quidel (NASDAQ: QDEL), which as of mid-afternoon Friday was up by over 21% week to date.
Although early indications are that omicron causes a less severe form of COVID, its rapid transmission alone is cause for great concern. As much of the world is locked in the grip of winter and thus frequently stuck inside with other people, omicron has an ideal environment in which to do its work.
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Source Fool.com
