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Why Idexx Laboratories Gained 13% in June

TheMotleyFool

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Why Idexx Laboratories Gained 13% in June

Shares of Idexx Laboratories (NASDAQ: IDXX) were moving higher last month as the veterinary products company announced an acquisition at the beginning of June. According to data from S&P Global Market Intelligence, the healthcare stock finished the month up 13%.

As you can see from the chart below, the stock rose steadily over the course of the month, tracking with a bullish wave in growth stocks.