Why Grail Stock Soared 14% Higher on Thursday
Highly specialized healthcare diagnostics company Grail (NASDAQ: GRAL) passed muster on the stock exchange on the second-to-last trading day of the week. That was on the back of news that the company has found financial backers for a push into new markets. Ultimately the stock closed the day more than 14% in positive territory, contrasting well with the S&P 500 index's 0.6% slide.
Before market open, Grail divulged it has signed a binding letter of intent with two specialized units of Korean tech giant Samsung to bring a key product to Asian markets. The arrangement also includes an investment commitment.
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Source Fool.com
