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Stock impact report

Here's Why Invitae Lost 15.2% in October [The Motley Fool]

Invitae Corporation (NVTA) 
Last invitae corporation earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
The fast-growing leader in genetic testing soared past a $1 billion market cap in September. Investors reconsidered prior to the release of third-quarter 2018 earnings. Maxx Chatsko ( TMFBlacknGold ) Nov 7, 2018 at 8:26PM What happened Shares of Invitae ( NYSE:NVTA ) fell over 15% last month, according to data provided by S&P Global Market Intelligence . The reason for the fall appears to be, simply, that the stock had roared back to life with greater than 80% gains since the beginning of August, and the broad stock market sell-off in October was a good time to reconsider the company's $1 billion market cap. Wavering confidence is not entirely surprising at this point in the company's life. While Invitae has grown revenue at a triple-digit clip in recent quarters, the company's operating losses have grown as well. Therefore, investors figured it wo Show less Read more
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