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Why GeneDX Stock Is Plummeting Today

TheMotleyFool

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Why GeneDX Stock Is Plummeting TodayPhoto, wide shot, wide-angle lens, Medical device manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/3a7f6312-1eee-4702-9005-93cc1e62f970.png

GeneDX (NASDAQ: WGS) stock is getting crushed in Tuesday's trading. The biotech company's share price was down 48.7% as of 11 a.m. ET.

GeneDX published its first-quarter results after yesterday's market close, posting sales and earnings for the period that came in far worse than Wall Street had anticipated. Intensifying bearish pressures for the stock, the company also cut its full-year guidance.

Image source: Getty Images.

Source Fool.com

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