Why Guardant Health Stock Jumped Today
Shares of Guardant Health (NASDAQ: GH) were jumping 11.7% higher as of 3:26 p.m. EST on Wednesday. The liquid biopsy leader didn't report any new developments. However, the major stock market indexes delivered big gains after former Vice President Joe Biden racked up multiple wins in the Democratic primaries on Tuesday, lifting most stocks. Guardant Health likely benefited more than most stocks because the sell-off of its shares on Monday appears to have been overdone.
Growth stocks like Guardant Health tend to have more dramatic price swings when the overall market experiences significant moves. However, the company's prospects shouldn't be impacted all that much regardless of which candidate wins the Democratic nomination for president.
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Source Fool.com
