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Why Shares of Invitae Dropped 13% on Tuesday

Why Shares of Invitae Dropped 13% on Tuesday

Shares of Invitae (NYSE: NVTA), a maker of medical genetic tests, fell 14% on Tuesday. Invitae's shares have been highly volatile and, earlier this month, shot up 277% the day it released second-quarter earnings. The drop comes a day after the company announced a collaboration with international research program Simons Searchlight.