Why Illumina Stock Got Mashed on Monday
Portfolio Pulse from
Illumina's stock dropped nearly 6% on Monday following an analyst downgrade, contrasting with the S&P 500's 0.7% gain.
February 10, 2025 | 10:30 pm
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Illumina's stock fell nearly 6% on Monday due to an analyst downgrade, marking the second such decline in recent days.
The stock price of Illumina was negatively impacted by an analyst downgrade, which typically signals a lack of confidence in the company's short-term performance. This is the second downgrade in a short period, suggesting a trend that could continue to pressure the stock.
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