EXACT Sciences Corporation (NASDAQ: EXAS)
EXACT Sciences was off to what seemed like it was going to be an overwhelmingly rough day in the market today. After starting the day in the green, the stock started to bounce around a bit before diving down toward the bottom. However, minutes ago, the stock started to spike back upward and now, it seems to be nearing the green. Below, we’ll talk about what we’re seeing from EXAS, why, and what we’ll be watching for ahead.
What We’re Seeing From EXAS
As mentioned above, EXACT Sciences isn’t having the best of days in the market today. Sure, the stock started the day in the green, but after bouncing around a bit, it quickly spiked deep into the red. However, minutes ago, the direction changed as the stock pushed back toward the break even point. Currently (11:59), EXAS is trading at $20.93 per share after a loss of $0.30 per share or 1.39% thus far today.
What’s Happening With The Stock
Before we get too deep into the details, it’s important that we give credit where credit is deserved. Our partners at Trade Ideas were the first to inform us of the gains on EXAS. As soon as we received the notification, the CNA Finance team started digging to see what caused the reversal. It didn’t take long to dig up the story.
You see, early morning declines happened as news broke that Exact Sciences canceled its appearance at the Deutsche Bank Conference. However, the reversal happened as the company released why. According to Benzinga, the company cited scheduling conflicts as the reason for missing the confrence. The company intends on reporting earnings prior to the dates of the conference. EXAS has also reaffirmed plans to attend the Bank of America Health Care conference.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on EXAS. In particular, we’re interested in following the company through earnings as well as the Bank of America conference. Nonetheless, we’ll continue to watch the stock closely and bring you the news as it breaks!
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