GeneDx Holdings Stock Soars 34% After Strong Revenue Growth And Reduced Losses

(RTTNews) - GeneDx Holdings Corp. (WGS) is up 33.37 percent, adding $26.19 to trade at $101.82 following a positive earnings report. The company reported total revenue of $305.45 million, up from $202.57 million in the previous year, and significantly reduced its net loss to $52.29 million from $175.77 million.

WGS opened at $94.97 and has fluctuated between $92.63 and $106.61 throughout the day, with a trading volume of 2.49 million shares, well above the average of 805,930.

GeneDx's strong performance reflects both revenue growth and improved financial health, pushing its stock to a new 52-week high of $106.61.