GRAIL To Begin Trading On The Nasdaq Stock Exchange After Its Spin-Off From Illumina
Portfolio Pulse from Benzinga Newsdesk
GRAIL, Inc. (NASDAQ:GRAL) will begin trading on the Nasdaq Global Select Market on June 25, 2024, following its spin-off from Illumina (NASDAQ:ILMN). GRAIL focuses on developing groundbreaking cancer screening technology.
June 24, 2024 | 8:08 pm
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GRAIL, Inc. will begin trading on the Nasdaq Global Select Market on June 25, 2024, following its spin-off from Illumina. The company is focused on developing new cancer screening technology.
The commencement of trading on Nasdaq is a significant milestone for GRAIL, indicating its operational independence and potential for growth in the cancer screening market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Illumina has completed the spin-off of GRAIL, which will now trade independently on the Nasdaq under the symbol GRAL.
The spin-off of GRAIL may have a neutral short-term impact on Illumina's stock as the market adjusts to the separation. Long-term effects will depend on GRAIL's performance as an independent entity.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70