Why Invitae Corporation Sank as Much as 25.5% This Week

Why Invitae Corporation Sank as Much as 25.5% This Week

What happened Shares of Invitae Corporation (NVTA -5.89%) sank as much as 25.5% this week, according to data from S&P Global Market Intelligence. Even though the company put out a potentially positive press release, the stock plummeted likely due to a fallout from a recent short squeeze, broad market movements, and a dislike for unprofitable companies in the current market environment. So what This week, Invitae put out a press release highlighting the insights Praxis Precision Medicines was getting from …