Quidelortho Corpoation ($QDEL) Stock Forecast: Up 5.1% Today

What is Quidelortho Corpoation?

Asset Quidel Corporation (NASDAQ: QDEL) is a leading provider of diagnostic healthcare solutions, specializing in rapid diagnostic testing.

Why is Quidelortho Corpoation going up?

QDEL stock is up 5.1% on Nov 22, 2024 16:51

• Quidel's stock experienced a strong bullish movement today despite significant shares being sold in an underwritten secondary offering.
• The positive market sentiment towards Quidel could be attributed to the company not selling any shares itself, indicating confidence in its current position and future prospects.
• Additionally, the bearish movement of Powell Industries (NASDAQ: POWL) due to weak sales could have led investors to shift their focus towards Quidel, viewing it as a more promising investment option in the healthcare sector.
• Overall, Quidel's resilience in the face of external selling pressure and the contrast with Powell Industries' performance likely contributed to its bullish movement today.

QDEL Price Chart

QDEL Technical Analysis

QDEL News

Carlyle Sells QuidelOrtho Shares, Analyst Sees Overhang Lifted - QuidelOrtho ( NASDAQ:QDEL )

On Tuesday, QuidelOrtho Corporation QDEL priced the previously announced underwritten secondary offering by Carlyle Partners VI Cayman Holdings of 8.26 million shares. The selling stockholder will receive all of the proceeds. The company is not selling any shares.

https://www.benzinga.com/general/health-care/24/11/42098042/carlyle-sells-quidelortho-shares-analyst-sees-overhang-lifted

Powell Industries Reports Weak Sales, Joins Target, QuidelOrtho And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Powell Industries ( NASDAQ:POWL )

U.S. stock futures were higher this morning, with the Dow futures gaining around 0.2% on Wednesday. Shares of Powell Industries, Inc. POWL fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter revenue results.

https://www.benzinga.com/trading-ideas/movers/24/11/42086601/powell-industries-reports-weak-sales-joins-target-quidelortho-and-other-big-stocks-moving-lo

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Quidelortho Corpoation Price History

08.10.2024 - QDEL Stock was up 11.3%

• QDEL's strong bullish movement today is due to the company surpassing Q3 earnings and revenue estimates by a notable margin.
• An earnings surprise of 174.19% and a revenue surprise of 12.75% have probably increased investor confidence in the company's performance.
• This favorable financial report suggests promising growth opportunities for QDEL, potentially attracting more investor attention and driving up the stock price during today's trading session.

08.10.2024 - QDEL Stock was up 12.5%

• QDEL stock experienced a strong bullish movement today.
• The company reported impressive third-quarter earnings and revenue results, surpassing analyst estimates by a significant margin.
• Despite a decline in gross margin, the growth in non-respiratory revenues and cost-cutting measures contributed to the positive performance.
• Investors are optimistic about QDEL's future prospects as the company continues to outperform expectations and demonstrate resilience in a challenging market environment.

22.10.2024 - QDEL Stock was up 5.1%

• Quidel's stock experienced a strong bullish movement today despite significant shares being sold in an underwritten secondary offering.
• The positive market sentiment towards Quidel could be attributed to the company not selling any shares itself, indicating confidence in its current position and future prospects.
• Additionally, the bearish movement of Powell Industries (NASDAQ: POWL) due to weak sales could have led investors to shift their focus towards Quidel, viewing it as a more promising investment option in the healthcare sector.
• Overall, Quidel's resilience in the face of external selling pressure and the contrast with Powell Industries' performance likely contributed to its bullish movement today.

05.08.2024 - QDEL Stock was up 5.2%

• The bullish movement in QDEL's stock price today is linked to the FDA's approval of its new VITROS syphilis assay, which broadens its range of infectious disease testing options.
• Investor optimism may also be contributing to this positive trend, stemming from the company's recent earnings report that highlighted its performance and growth potential.
• The combined effect of the new product clearance and promising financial outlook is likely boosting investor confidence in QDEL, leading to the stock's strong upward movement.

13.10.2024 - QDEL Stock was down 6.2%

• Despite beating earnings and revenue estimates in Q3, QDEL stock saw a strong bearish movement, indicating that the market may have had different expectations.
• The rise in AirSculpt Technologies (NASDAQ:AIRS) and the warning about potential plunging health care stocks could have influenced investor sentiment towards QDEL.
• The decline in gross margin in Q3, despite the positive revenue growth, might have raised concerns among investors about the company's profitability.
• Overall, the market movement of QDEL today could be attributed to a combination of profit-taking after the earnings beat, concerns about margins, and broader sector trends affecting health care stocks.

25.05.2024 - QDEL Stock was down 5.1%

• The selling of QuidelOrtho Corporation stock by the Brown Capital Management Small Company Fund could have contributed to the bearish movement, indicating a lack of confidence in the company's performance.
• An investigation on behalf of long-term stockholders might have raised concerns among investors, leading to a sell-off of QDEL shares.
• QuidelOrtho's stock took a hit due to disappointing guidance, as highlighted in an investor letter, signaling potential challenges ahead for the company's financial performance.

13.05.2024 - QDEL Stock was down 6.8%

• Quidel Corporation (QDEL) witnessed a notable downturn in its stock price today.
• Various legal firms have alerted investors about deadlines related to class action lawsuits against QDEL, which allege violations of securities laws.
• The uncertainties surrounding these legal matters and their potential financial consequences are likely influencing the negative movement in QDEL’s market performance.
• Investors may be responding to the imminent deadlines and ongoing legal inquiries, leading to increased selling pressure on QDEL shares.

01.06.2024 - QDEL Stock was down 2.4%

• The release of an investor letter indicating moderate economic growth may have raised concerns about QDEL's growth prospects, leading to selling pressure.
• Entities selling over $4.9 million in QDEL shares could have signaled lack of confidence in the company's future performance, contributing to the bearish trend.
• Underperformance compared to the Russell 2000 Growth index and their decision to sell QDEL shares might have influenced other investors to follow suit, impacting the stock negatively.
• An investigation on behalf of long-term stockholders following a class action complaint could have created uncertainty and fear among investors, further driving down QDEL's stock price.

11.06.2024 - QDEL Stock was up 5.8%

• The bullish movement in QDEL stock could be attributed to the Carlyle Group entities selling over $2.5 million in QuidelOrtho shares.
• This selling activity might have been perceived positively by investors as it could indicate confidence in the company's performance and future prospects.
• The market may have interpreted this move as a strategic decision by Carlyle Group entities, potentially leading to increased investor interest and driving the stock price higher.

16.06.2024 - QDEL Stock was up 5.4%

• Quidel experienced a strong bullish movement possibly due to positive market sentiment towards the healthcare sector.
• The selling of over $2.5 million in QuidelOrtho shares by Carlyle Group entities might have initially caused some uncertainty in the market, but the stock managed to overcome this and surge upwards.
• Mention of National Vision experiencing strength might have contributed to a positive outlook on the healthcare industry as a whole, benefiting Quidel's stock price.
• Despite potential concerns about earnings estimate revisions for National Vision, investors may have viewed Quidel as a more promising investment option, leading to its notable increase in value.

23.06.2024 - QDEL Stock was up 5.0%

• QuidelOrtho's strong product portfolio has raised optimism about the stock, contributing to its bullish movement today.
• The news of Carlyle Group entities selling shares in QuidelOrtho worth over $5.7 million did not seem to have a significant negative impact on the stock's performance, indicating strong underlying bullish sentiment.
• Investors seem to be focusing more on the positive aspects of QuidelOrtho's product portfolio rather than the selling of shares by Carlyle Group entities, driving the stock higher.

15.07.2024 - QDEL Stock was up 5.4%

• Quidel Corporation (QDEL) experienced a strong bullish movement today.
• Suggestions of potential activist campaigns and investigations by legal firms against Quidel Corporation have emerged.
• Market sentiment could be influenced by the company's response to these challenges, demonstrating resilience and operational strength.
• Investors may be optimistic about Quidel's prospects in handling legal issues, which could be driving the upward momentum in the stock price.