Home / Market Movers / Services Sector Gets a Lift from 6.32% Morning Gain for CareDx Inc. (CDNA) on April 21

Services Sector Gets a Lift from 6.32% Morning Gain for CareDx Inc. (CDNA) on April 21

CareDx Inc. (CDNA) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on April 21. At the lunch break, shares of CDNA have tacked on 6.32% to $1.01 after closing the day prior at $0.95. In the first two and a half hours of trading, the stock has gone as high as $1.06 and as low as $0.95. Today’s rise has come with about 8,191 shares changing hands, compared to an average 30-day volume of 84,164 for CareDx Inc.. The price is currently below the 30-day volume weighted average price of $1.03 for CDNA.

The share appreciation gives the company a market capitalization of $20.21 million based upon 21.28 million shares outstanding. It also means that CDNA has a price-to-book ratio of 0.62:1.

In the past 52 weeks, shares of CDNA have traded as low as $0.95 and as high as $6.08. Technical traders will take note that at $1.01, shares of CDNA are trading below their 200-day MA at $3.29 and below their 50-day MA at $1.81. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is CDNA?

CareDx Inc is a commercial stage company. The Company develops, markets and delivers a diagnostic surveillance solution for heart transplant recipients to help clinicians make personalized treatment decisions throughout a transplant patient's lifetime. The company’s 95 employees are led by CEO Peter Maag from the corporate headquarters at 3260 Bayshore Boulevard in Brisbane, CA.

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