Yesterday Exact Sciences (EXAS) was up 33% to close at $9.39. This morning it is up 17% at $11.07. Later it will present at the William Blair Conference.
To be upfront, I own this stock. It is based where I live, Madison WI, and think ultimately it will be a huge stock and get purchased given it is in the diagnostics space. More on this later. That is not the story today.
People traded yesterday on inside information no doubt. Volume was huge. This morning the USPSTF is out recommending that those 50-75 get screened for colon cancer. Really? How obvious is that? Here is the link:
http://www.uspreventiveservicestaskforce.org/Page/Document/UpdateSummaryFinal/colorectal-cancer-screening2
Funny the website is now temporarily unavailable. Maybe Preet should be looking into this pin action.
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Interesting piece. Check out this article, looks to be a leak http://www.investors.com/news/technology/exact-sciences-stock-rebounds-on-leaked-testing-guidelines/
Just added this 2 the watchlist