GeneDx Holdings (WGS) Surges 13.2%: Is This an Indication of Further Gains?

GeneDx Holdings Corp. (WGS) shares soared 13.2% in the last trading session to close at $89.61. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.5% gain over the past four weeks.GeneDx Holdings scored a strong price increase driven by optimism surrounding a recently issued guidance by the Food and Drug Administration mentioning the use of artificial intelligence ("AI") for the development of drug and biological products. The new ...