MYGN Ticking Higher On Court Ruling

Shares of Molecular diagnostic products maker Myriad Genetics (MYGN) are surging higher during Friday’s midday trading session. Bloomberg in a recent report said that a court ruled diagnostic tests can be patented.

Technically speaking, over the last six month, Myriad has gained nearly 54%, but still remains at depressed levels, having fallen more than 5% year-to-date. The stock currently trades at a trailing P/E of 10.09, a forward multiple of 20.44 and a P/E to Growth ratio of 1.91. More than 900,000 MYGN shares have already traded hands compared to a daily average of around 1.02 million.

At last check, MYGN shares were up 88 cents, to $23.85, a gain of nearly 4.00%.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Ron Haruni 1071 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.