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Stock impact report

Why NeoGenomics (NEO) Shares Are Falling Today [Yahoo! Finance]

NeoGenomics, Inc. (NEO) 
Last neogenomics, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.neogenomics.com
Company Research Source: Yahoo! Finance
Shares of oncology (cancer) diagnostics company NeoGenomics (NASDAQ:NEO) fell 5.1% in the afternoon session after a key competitor, Exact Sciences, announced the launch of a new multi-cancer early detection blood test. The new test from Exact Sciences, called Cancerguard™, is now available in the U.S. and analyzes multiple biomarker classes to detect a wide range of cancers. This development introduces significant new competition in the early cancer detection market, a critical area for diagnostic companies like NeoGenomics. The news has raised investor concerns about potential impacts on market share and future growth prospects for existing players in the field. The negative sentiment was felt by other companies in the sector as well, signaling broad market apprehension about the heightened competitive landscape. The shares closed the day at $7.49, down 4.6% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high Show less Read more
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