Published on 11 May 2022 on Zacks via Yahoo Finance
QuidelOrtho (QDEL) Stock Jumps 3.9%: Will It Continue to Soar?
QuidelOrtho QDEL shares rallied 3.9% in the last trading session to close at $101.06. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.1% loss over the past four weeks.
QuidelOrtho recorded a strong price increase following the recent completion of the transaction combining Quidel Corporation and Ortho Clinical Diagnostics Holdings plc, thereby raising optimism regarding the solid prospects of the combined company. QuidelOrtho’s announcement of a multitiered collaboration with Global Lyme Alliance to amplify public awareness about Lyme Disease, a health condition afflicting nearly half a million Americans every year, also looks encouraging.