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Neogenomics plunges as BioReference Labs makes another acquisition

  • While correlation doesn't necessarily imply causation, it's probably worth noting that today's action in shares of Neogenomics (NEO -8.4%) mirrors the stock's dismal performance from last Tuesday.
  • The connection: Peer BioReference Laboratories (BRLI +2.5%) announced "strategic acquisitions" both today and on August 13.
Comments (3)
  • spell this out for me...why is one related to the other?
    21 Aug 2013, 04:18 PM Reply Like
  • I thought merger activity in this niche industry would be good for NEO, especially since it's quite small and long been viewed as a potential acquisition target. The daily price is quite volatile and today's volume was fairly low, so I'm not sure about using the word 'plunge'. I'm open to other's opinions on this company.
    21 Aug 2013, 06:36 PM Reply Like
  • Chris

     

    ditto
    21 Aug 2013, 06:46 PM Reply Like
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