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Why OraSure Technologies, Inc. Zoomed Higher Today

TheMotleyFool 
0 0 21.11.17
Why OraSure Technologies, Inc. Zoomed Higher TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png
 
Why OraSure Technologies, Inc. Zoomed Higher Today

OraSure Technologies (NASDAQ: OSUR) is up 18.6% at 3:42 p.m. EST Tuesday after the company announced that it entered into a $143 million agreement to supply its Oragene devices to an undisclosed consumer genomics customer.

The announcement came in the form of an 8-K with the Securities Exchange Commission, not a press release, as would be typical for a big announcement. Considering that OraSure had $111.8 million in product revenue through the first nine months of the year, $143 million would seem to be a big announcement.

Image source: Getty Images.

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Source: Fool.com

Orasure Tech Stock

€3.58
1.130%
There is an upward development for Orasure Tech compared to yesterday, with an increase of €0.040 (1.130%).

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