Why Guardant Health Stock Is Rising During Today's Market Meltdown
Shares of Guardant Health (NASDAQ: GH) were rising 8.6% higher as of 1:25 p.m. EDT on Thursday after dropping as much as 11% earlier in the day and later jumping as much as 15.1%. How did the liquid biopsy company manage to defy gravity as the overall stock market plunged on worries about COVID-19? The most likely reason is that investors recognize the pandemic in no way hurts Guardant Health's business prospects.
Very few stocks are rising today in the wake of the market bloodbath. Many of these, like Guardant Health, for all practical purposes have businesses that are immune to the effects of the coronavirus. And yet the stocks are falling nonetheless.
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Source Fool.com
