Invitae Posts Mixed Q1 Results, Reducing Cash Burn in the Wake of the COVID-19 Pandemic

Invitae (NYSE: NVTA) shares have been all over the map so far in 2020. By mid-February, the genetic testing stock was up nearly 70%. A little over a month later, Invitae stock had dropped more than 70%. But its shares have rebounded quite a bit in recent weeks, with Invitae now up by a single-digit percentage year to date. 

The company announced its first-quarter results after the market closed on Tuesday. Those results don't seem likely to cause yet another huge price swing. Here are the highlights from Invitae's Q1 update.

Image source: Getty Images.

Continue reading

Source Fool.com