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Why 23andMe Stock Dropped Today

TheMotleyFool 
0 0 22.10.21
Why 23andMe Stock Dropped TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png
 

Shares of 23andMe Holding (NASDAQ: ME) stock slipped in Friday morning trading after the genetic data miner announced that it will spend $400 million to acquire on-demand online medical care and pharmacy services platform Lemonaid Health (not to be confused with Lemonade (NYSE: LMND), the insurance provider).

As of 11 a.m. EDT, 23andMe shares are down 4.2%. (But coincidentally, Lemonade is down even more.)

Image source: Getty Images.

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Source Fool.com

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