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why is guardant health stock dropping?

Guardant Health, Inc. (GH) is catching the eye of the trading community. When a company develops products that should be game changers in the way cancer is treated, it's going to generate a lot of buzz. Join Our Mission; Making Their Mark; Our Values; Benefits ; Jobs; Menu; COVID-19 | Update. Guardant Health Inc. [GH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.44. The growth stock has gained 168% in the last three years, compared to a rise of just 8% for the S&P 500 in that span. Healthcare companies are generally considered recession resistant, so it's a little surprising to see Guardant Health down more than the broader market. Since closing at $84.29 the day before earnings a couple of weeks ago, shares have gone down as low as $71.52, as high as $87, back down to $73.15, and back up to $84.29 before falling over the last two trading days. Returns as of 12/15/2020. Is Guardant Health worth watching? Cumulative Growth of a $10,000 Investment in Stock Advisor, Here's Why Guardant Health Dropped Today @themotleyfool #stocks $GH, Why Guardant Health Tumbled by Over 10% on Monday. Those tests will increase Guardant Health's market substantially and result in annual -- or even more frequent -- tests for each patient. He graduated from the State University of New York College of Environmental Science and Forestry (2012) with a Bachelor of Science in Bioprocess Engineering and from Carnegie Mellon University (2016) with a Master of Science in Materials Science & Engineering. 2020-07-05 7:07am Buying These 3 Stocks … finance.yahoo.com - July 13 at 3:21 PM: Guardant Health teams up with Janssen to develop liquid biopsy diagnostic seekingalpha.com - July 8 at 1:48 PM: Here's Why Guardant Health Dropped 10.2% in June www.nasdaq.com - July 8 at 1:48 PM: Guardant Health Launches Real-World Clinical-Genomic Platform to Accelerate Precision Oncology … Guardant Health Inc. (NASDAQ:GH) is a biotechnology company. Guardant Health Inc. [NASDAQ: GH] stock went on a downward path that fall over -3.40% on Wednesday, amounting to a one-week price decrease of less than -5.41%. Guardant Health's product development strategy is pretty straightforward and focuses on three patient populations: advanced-stage cancer, recurrence, and early detection. Those troubles have forced SoftBank to cash in on certain outperforming investments, including reducing its stake in Guardant Health. Announces Proposed Convertible Senior Notes Offering Shares of Guardant Health have steadily risen off June lows and have returned 11% since the beginning of 2020, which is markedly better than the 2% loss of the S&P 500. Stock Quote & Chart; Historical Price; FAQs; Email Alerts; Investor Contact; Media. The coronavirus pandemic has exacerbated financial headwinds for SoftBank, which has discovered the hard way that throwing hundreds of millions, or billions, of dollars at hyped-up start-ups doesn't guarantee returns. Guardant Health ended March with $520 million in cash and reported a first-quarter 2020 operating cash outflow of $13 million. Guardant Health also sells GuardantOMNI, which pharmaceutical companies use in clinical trials for their cancer drug candidates. Dr. Orelli is a Senior Biotech Specialist. Better Coronavirus Stock: Quidel or Guardant Health? Post-Market 0.00 (0.00%) Even if the COVID-19 coronavirus outbreak gets worse, people are still going to get cancer and need to figure out which treatments are required. Why is Guardant Health stock dropping? The larger loss is more concerning, but investors should see it as an investment in the future as Guardant Health ramps up spending on development of its LUNAR liquid biopsies that will monitor for the recurrence of cancer and hopefully be able to detect cancer early. He has written about biotech, pharmaceutical, and medical device companies for The Motley Fool since 2007. Guardant Health, Inc. [GH] stock additionally went up by +2.09% in the period of the 7 days, recording a gain in performance by 6.12% in the last 30 days. Better Coronavirus Stock: Quidel or Guardant Health? Let's conquer your financial goals together...faster. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. With this latest performance, GH shares gained by 3.31% in over the last four-week period, additionally plugging by 7.81% over the last 6 months – not to mention a rise of 30.41% in the past year of trading. There are several factors that may be causing the movement in the stock. Jul-02-20 09:03AM : 10 Stocks to Invest in the Health Care Revolution. Investors might also be concerned that the company expects to run a loss of $1.65 to $1.70 per share this year, larger than last year's $0.84 per share. Guardant Health Inc (GH) Q3 2020 Earnings Call Transcript, Investing in These 3 Stocks Now Could Make You a Millionaire Retiree, Copyright, Trademark and Patent Information. Why Guardant Health (GH) is an Incredible Growth Stock? A simple blood draw helps cancer patients get the right drug. However, the business sold only 4.3 million shares, whereas SoftBank Investment Advisers sold the remaining 8.9 million shares. Earnings reports or recent company news can cause the stock price to drop. Here's Why Guardant Health Dropped 10.2% in June A public offering of common stock pushed the stock lower, but strengthened the company's balance sheet. Maxx has been a contributor to Fool.com since 2013. Guardant Health's stock is owned by many different institutional and retail investors. Stock Advisor launched in February of 2002. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock. The roller coaster for Guardant Health (NASDAQ:GH) continues, with shares down 10.1% to $70.22 at 11:45 a.m. EDT today. Guardant Health, Inc. Common Stock (GH) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. It seems from the volatility over the last two weeks or so that investors just can't figure out how to value Guardant Health. Let's conquer your financial goals together...faster. Over the past six months, GH shares showcased -0.64% decrease. 11:00am Guardant Health Announces Collaboration with Janssen to Develop Liquid Biopsy Companion Diagnostic - GuruFocus.com. Healthcare companies are generally considered recession resistant, so it's a little surprising to see Guardant Health down more than the broader market. Shares of Guardant Health (NASDAQ:GH) fell over 10% last month, according to data provided by S&P Global Market Intelligence. The one-year Guardant Health Inc. stock forecast points to a potential upside of 29.87. Stock analysis for Guardant Health Inc (GH:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Guardant Health Inc. analyst estimates, including GH earnings per share estimates and analyst recommendations. Here's Why Guardant Health Dropped 10.2% in June MotleyFool 63d Guardant Health Announces Collaboration with Janssen to Develop Liquid Biopsy Companion Diagnostic In the last year 0 stock analysts on Stockchase covered Guardant Health. There was little mystery as to why this occurred. Top institutional shareholders include Morgan Stanley (6.31%), BlackRock Inc. (5.01%), Jennison Associates LLC (3.20%), Nuveen Asset Management LLC (2.88%), Massachusetts Financial Services Co. MA (1.08%) and Allianz Asset Management GmbH (0.95%). Here's Why Guardant Health Dropped 10.2% in June. This will be effected by a private offering of convertible senior notes — a form of debt financing that is convertible (hence the adjective) into company stock. 2020-07-07 $ 85.24 (2.02%) 8:15pm Guardant Health Inc (GH) Chairman, President and COO Amirali Talasaz Sold $6.3 million of Shares - GuruFocus.com. Motley Fool. The yearly more of GH stock is set at 24.11% by far, with shares price recording returns by 12.68% in the latest quarter. SoftBank Vision Fund shed 4.9 million shares of high-flying Guardant Health Inc. as the fund’s other investments faced valuation and regulatory turmoil. Returns as of 12/15/2020. Market data powered by FactSet and Web Financial Group. The company sells a cancer test, Guardant360, that genetically analyzes a patient's tumor and tells doctors which medication is likely to help shrink the tumor. 08:05AM : Guardant Health Announces Collaboration with Janssen to Develop Liquid Biopsy Companion Diagnostic . How Guardant Health is Supporting Cancer Care During the Pandemic. See you at the top! Market data powered by FactSet and Web Financial Group. The stock is worth watching. The dilution isn't ideal for shareholders, but the healthcare business increased its financial flexibility by joining in the public offering of common stock. Year-to-date, Guardant Health Inc. (NASDAQ:GH) stock gained 9.5% and on July … When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. The drop is the whipsaw investor reaction to Guardant's announcement that morning that it plans to raise a daunting $1 billion in new debt. Image source: Getty Images. So what. See you at the top! Shares of Guardant Health ( NASDAQ:GH) were slipping Friday after investors noticed that one of the company's independent directors sold off some shares. Motley Fool. As with some of its other moves, there doesn't seem to be anything driving today's double-digit shift other than the broader stock market moving lower. Guardant Health, Inc. GH 126.09 1.94 (1.56%). The drop is the whipsaw investor reaction to Guardant’s announcement that morning that it plans to raise a daunting $1 billion in new debt. 10 stocks we like better than Guardant Health. Find the latest Guardant Health, Inc. (GH) stock quote, history, news and other vital information to help you with your stock trading and investing. The slowdown in revenue growth shouldn't be surprising as the launches of its tests wane; revenue growth of greater than 30% still puts Guardant Health substantially in the high-growth category. Despite a rough June, investors have little to complain about. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Here's Why Guardant Health Dropped 10.2% in June - www.fool.com. Why Guardant Health Tumbled by Over 10% on Monday Eric Volkman | Nov 16, 2020 Hint: The diagnostics company's balance sheet is going to record some big changes quite soon. Of course, not all of the dilution experienced by shareholders was offset by proceeds to the company coffers, as the shares sold by SoftBank only benefited SoftBank. Several high-profile investments, including WeWork, have led to disastrous outcomes for the investment titan. Meanwhile, Guardant Health stock is up 164% from where it closed on the day it IPOed in October 2018, even factoring in today's dip. Guardant Health Inc (GH) Q3 2020 Earnings Call Transcript, Investing in These 3 Stocks Now Could Make You a Millionaire Retiree, Copyright, Trademark and Patent Information. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Kiplinger. Jul-05-20 07:07AM : Buying These 3 Stocks Could Make You Crazy Rich. Why Is Everyone Talking About Guardant Health Stock? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Considering that there is such a great deal of interest in the stock, I decided that I would dive in and see what’s happening. GlobeNewswire. The liquid biopsy pioneer completed a public offering of common stock in which 13.2 million shares changed hands at $84 apiece. Stock Advisor launched in February of 2002. The liquid biopsy pioneer has a promising product in Guardant 360 and a promising pipeline of mass-market product candidates. Simply put, individual investors with a long-term mindset shouldn't be discouraged by a volatile stock price. Guardant Health raised gross proceeds of $362 million from its portion of the offering, which is an impressive haul. A high-level overview of Guardant Health, Inc. (GH) stock. At the midpoint of management's guidance, revenue is expected to grow by 31%, down substantially from the 91% revenue growth the company posted in the fourth quarter. 11:00Am Guardant Health is Supporting cancer Care During the Pandemic Liquid Biopsy Companion Diagnostic down more than a rise! Helps cancer patients get the latest Guardant Health Announces Collaboration with Janssen to Develop Liquid Biopsy Companion Diagnostic -.. Shed 4.9 million shares of high-flying Guardant Health, Inc. 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