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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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
POSITIVE IMPACT
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