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Why Fulgent Genetics Stock Plummeted 36.5% Last Month

TheMotleyFool

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Why Fulgent Genetics Stock Plummeted 36.5% Last Month

Shares of Fulgent Genetics (NASDAQ: FLGT) sank 36.5% amid turbulent trading for the broader market in January, according to data from S&P Global Market Intelligence. Both the S&P 500 and the Nasdaq Composite indexes entered into correction territory amid mounting macroeconomic pressures last month, and the indexes closed out the period down roughly 5.3% and 9%, respectively.