Quidel Corporation (QDEL) Shares are Down -4.92%

Quidel Corporation (QDEL) has risen sharply, recording gains of 8.75% in the past 4 weeks. However, the stock has corrected -4.92% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.34% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Quidel Corp. is up 32.32% in the last 3-month period. Year-to-Date the stock performance stands at 0.24%. The stock has recorded a 20-day Moving Average of 3.81% and the 50-Day Moving Average is 6.53%.


Quidel Corporation (NASDAQ:QDEL): The stock opened at $21.53 on Friday but the bulls could not build on the opening and the stock topped out at $21.58 for the day. The stock traded down to $21.20 during the day, due to lack of any buying support eventually closed down at $21.25 with a loss of -1.39% for the day. The stock had closed at $21.55 on the previous day. The total traded volume was 81,595 shares.

Also, Equity analysts at the Brokerage firm Raymond James upgrades its rating on Quidel Corporation (NASDAQ:QDEL). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on June 13, 2016.

Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. These diagnostic testing solutions primarily include applications in infectious diseases, womens health and gastrointestinal diseases. The Company sells its products directly to end users and distributors, in each case, for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, universities, retail clinics and wellness screening centers. It markets its products in the United States through a network of national and regional distributors, and a direct sales force. Internationally, it sells and markets primarily through distributor arrangements. Its diagnostic solutions are used in the detection and diagnosis of many critical diseases and other medical conditions, including infectious diseases, womens health, autoimmune diseases, bone health, thyroid diseases and fecal occult blood.

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