We share weekly commentaries with investors on stocks in our strategies that have appreciated or dropped more than 15% in a day during the course of the week. We hope you find this commentary useful.
|+18%||Shares of CareDx traded up ~18% on Monday. We believe the stock will continue to be volatile as investors and speculators decipher the newly published Medicare policy that affects CareDx's multi-modality testing strategy for organ transplant recipients. CareDx is a molecular diagnostics company focused on improving outcomes for organ transplant patients and their care providers.|
|Markforged Holding Corporation (MKFG)|
|-16%||Shares of Markforged Holding Corporation traded down ~16% on Tuesday after the company reported fourth-quarter results, including better-than-expected fourth-quarter revenue. That said, gross margin decreased to 47% from 56% for the same period last year—attributable both to supply chain pressure and initial start-up costs associated with the company’s recently launched FX20 product—and management issued disappointing revenue guidance for 2023. Markforged is a 3D printing company focused on carbon fiber composites.|