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Why Invitae Stock Fell Today

TheMotleyFool

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Why Invitae Stock Fell TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Invitae (NYSE: NVTA) had fallen 6.6% as of 3:13 p.m. EST on Wednesday. The medical genetics company didn't announce any news that would cause the stock to drop. Instead, Invitae's decline today appears to be part of a broader sell-off of high-growth stocks, with the Nasdaq Composite Index falling 2%.

The best thing that investors can do on days like today is...nothing. Growth stocks like Invitae that trade at premium valuations tend to be highly volatile. Solid business execution combined with great long-term prospects, however, outweigh short-term volatility.

Image source: Getty Images.

Source Fool.com

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